Spotify layoffs: in the grip of recession! After Amazon, Microsoft, now Spotify company will cut staff
Spotify Laffs: Due to the rising inflation around the world, there is a shadow of recession. Many companies have started laying off employees to deal with the economic downturn. As soon as the new year starts, the reduction of employees has started. In 2023, many big companies are showing the way out to the employees. Now music streaming giant Spotify Technology is also going to cut staff. Technology company Spotify has told that about 6 percent of its employees will be laid off. The company has cited cost reduction as the reason behind the reduction of employees.
According to the information received in this regard, six per cent i.e. about 600 employees will be retrenched globally. Announcing this, the company’s CEO Daniel Ek said that we are cutting about 6 percent of our employees in the company. I take full responsibility for this. According to Spotify, the company currently has 9,800 full-time employees.
Recession: Layoffs by many companies
Audio streaming platform Spotify has joined some of the giants in the world. Although the company is now laying off employees citing cost cutting. Earlier, companies like Alphabet, Amazon, Microsoft, Twitter, Facebook have also laid off employees. These tech companies have laid off thousands of people since January last year.
Recession: Effect of Recession
Companies have suffered a major setback during the Corona pandemic. Even at that time many companies had reduced the employees. For the last few days, many companies have laid off employees citing cost reduction. This includes many giant companies around the world. The prospect of a recession in 2023 has seen companies deciding to cut staff.
Recession: 15,3110 employees have lost their jobs so far
Since the beginning of the Corona epidemic, 15,3110 technical workers had lost their jobs. This number has increased to 51,489 in the month of November. Many big companies like Meta, Twitter, Oracle, Navida, Snap, Uber etc. have stopped working in 2022. In addition, it has been reported that many companies around the world are preparing to reduce their workforce.