Spotify to layoff 17% of employees amid tech slowdown In a memo addressed to staff, CEO Daniel Ek said it was necessary for the company to "rightsize" after hiring too many people during 2020 and ...

Spotify will lay off around 1,500 employees to reduce costs in a third round of job cuts this year, CEO Daniel Ek said Monday as he announced a “significant” strategy shift for the music ...

Spotify will lay off six percent of its staff as chief content and advertising officer Dawn Ostroff will depart the company. ... while Microsoft earlier this week said it would lay off 10,000 people.

This is Spotify’s third major round of layoffs conducted this year. In January the company announced it would be laying off 6 percent of staff , or roughly 600 employees.

Music streaming service Spotify has announced its third round of layoffs in 2023. CEO Daniel Ek says 17% of staff, or about 1,500 employees, would be cut.

Spotify this week laid off 15 employees in its podcast division, spanning The Ringer and Spotify Studios, Variety has confirmed. The cuts, made internally Tuesday, represent a 5% reduction in ...

The announced layoffs will be cutting 17% of Spotify’s current workforce — just about 1,500 individual employees. This is the third round of layoffs in 2023.

Spotify on Monday said it is cutting 6% of its staff, following a wave of layoffs at other tech and entertainment businesses as they adjust to a challenging economic environment.

The company's layoffs in June were specifically focused on downsizing its podcast division. As of 8:30 a.m. on Monday, Spotify's shares were up about 5% in premarket trading.

It's certainly ironic that Spotify’s CEO had any qualms about laying off 17% of his employees. After all, it was his decision to go all-in on the layoffs in the first place.

Spotify SPOT 1.14 % increase; green up pointing triangle is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push.

Spotify will lay off around 1,500 employees to reduce costs in a third round of job cuts this year, ... Spotify to cut 17% of its staff By Hanna Ziady, CNN 3 minute read ...