• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. US & Canada
  4. Spotify joins latest tech lay-off tsunami
US & Canada

Spotify joins latest tech lay-off tsunami

  • By Al Mayadeen English
  • Source: Agencies
  • 23 Jan 15:50

After recent layoffs at Apple, Google, Microsoft, and Amazon, the Swedish audio streaming powerhouse is apparently mulling employment cuts.

  • A trader is reflected in a computer screen displaying the Spotify brand at the New York Stock Exchange in New York, US. (REUTERS)
    A trader is reflected displaying the Spotify brand at the New York Stock Exchange in New York, US. (Reuters)

Bloomberg News reported that Spotify Technology, the Swedish music streaming giant, is planning to announce layoffs as soon as this week.

The news agency added that the amount of job layoffs under consideration at the popular streaming service is unknown, citing unnamed people familiar with the issue.

Spotify, which employs approximately 9,800 people, laid off 38 staff from its podcast studios Gimlet Media and Parcast in October.

Thousands of tech jobs have been eliminated in the last year as falling advertising income and recession fears trigger reevaluations of headcounts that soared during the COVID-19 pandemic.

It is worth noting that smaller tech firms like UK-based cybersecurity firm Sophos and cryptocurrency players like Coinbase have also announced job cuts affecting up to 20% of their employees.

According to data collected by the Layoffs.fyi website, more than 55,000 tech employees globally have been laid off so far in 2023.

See more: 2022, a bad year for US tech companies

  • technology
  • layoffs
  • employment cuts
  • Spotify

Trending Now

All
Google's Bay View campus in Mountain View, California.  (David Paul Morris for Bloomberg via Getty Images)

Google cuts 12,000 jobs amid nationwide tech layoffs

Most Read

Chief of Russian Radiation, Chemical and Biological Protection Force Igor Kirillov (TASS)

20,000 docs obtained by Russia expose US biowarfare program in Ukraine

  • Europe
  • 30 Jan
Neo-compradors: the leftist foot soldiers of Imperialism

Neo-compradors: the leftist foot soldiers of Imperialism

  • MENA
  • 2 Feb
'Israel's' attack on Bukamal targeted food, medicine convoy (Footage)

Israeli attack on Al-Bukamal targeted food, medicine convoy (Footage)

  • MENA
  • 30 Jan
dasd

Biden offers Russia 20% of Ukraine, WH says report 'not accurate'

  • Politics
  • 3 Feb

Read this

All
A protest march organised in support of UK health workers’ ongoing pay dispute held outside 10 Downing Street, London on Wednesday. (AFP)
Europe

Britain faces largest healthcare worker strikes in history of NHS

  • Today
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al Saud. (Reuters)
MENA

Saudi minister warns Western anti-Russia sanctions could backfire

  • Today
Palestinian Foreign Minister Riyad Maliki
Palestine

Ramallah to hold Palestinian Reconciliation Forum: FM

  • Today
Israeli forces raid the Aqabat Jaber refugee camp southwest of the West Bank city of Jericho on Saturday.(AP)
Palestine

Seven Palestinians martyred by IOF in Aqabat Jaber camp

  • Today
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • About Us
  • Contact Us
  • Authors
Android
iOS