Music streaming service Spotify has said it is cutting 6% of its global workforce, or about 600 jobs, becoming the latest tech company to resort to lay-offs as the post-pandemic economic outlook weakens. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.
Mr Ek wrote that as part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees”.
Big tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode during the Covid-19 pandemic waned. Mr Ek said Stockholm-based Spotify was no different.
