Spotify Layoffs: Tech Company Plans To Sack Workforce This Week To Reduce Costs

The tech company is planning layoffs as soon as this week in an effort to curtail costs. Spotify will be joining a slew of tech companies including Amazon, Meta, Google and others in announcing job cuts to lower costs.

Spotify (image credits : Wikimedia Commons)

According to reports, tech company Spotify is planning to layoffs employees amid the ongoing season of hiring and firing in the tech sector. As per a report in Bloomberg, the tech company is planning layoffs as soon as this week in an effort to curtail costs. Spotify will be joining a slew of tech companies including Amazon, Meta, Google and others in announcing job cuts to lower costs. Layoff Season 2023: About 3,000 Tech Employees Now Being Fired A Day on Average in January Globally and in India.

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