Spotify Announces Hundreds Cut from Workforce

Audio streaming platform Spotify is laying off 6% of its staff, becoming the latest in a series of tech firms to make major cuts, the company announced Monday.

The cuts come less than a week after Microsoft and Google parent Alphabet both laid off more than 10,000 employees each as Big Tech firms cut costs following pandemic-related spending sprees. Spotify had roughly 9,800 employees through September 2022, so the company will likely cut less than 600 staffers Monday, according to Reuters.

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