Spotify layoffs: now the music streaming giant will lay off employees, know how many people will lose their jobs

Spotify Layoffs 2023: Big news is coming out about music streaming giant Spotify Technologies (Spotify Technology sa). Technology company Spotify is going to lay off its employees globally. In which it is being said that about 6 percent of the employees will be fired. The reason behind this has been told by the company to ...
 

Spotify layoffs: now the music streaming giant will lay off employees, know how many people will lose their jobs

Spotify Layoffs 2023: Big news is coming out about music streaming giant Spotify Technologies (Spotify Technology sa). Technology company Spotify is going to lay off its employees globally. In which it is being said that about 6 percent of the employees will be fired. The reason behind this has been told by the company to reduce its cost. At the time of its inception, the company is planning for disinvestment. Learn about this matter…

many employees will fall

According to media reports, the Spotify company has informed on Monday that 6 percent of its employees ie about 600 employees will be laid off globally. Announcing this, Daniel Eck, CEO of the Swedish company, said, ‘We are reducing our workforce by about 6 percent in the company. I take full responsibility for this. The company currently had 9,800 full-time employees.

Many companies are putting the work into jobs

Audio streaming platform Spotify has also joined some of the world’s leading companies in laying off staff to cut costs. Earlier companies like Alphabet, Amazon, Microsoft, Twitter, Facebook have done this. They have done thousands of layoffs in the past. These tech companies have laid off thousands of people in the month of January since last year.

layoffs due to recession

According to media reports, there has been a rapid decline in companies during the Corona epidemic. Recently IT companies want to reduce their cost at any cost. In such a situation, due to lack of demand and fear of recession in the year 2023, companies are deciding to lay off.

Significantly, the phase of retrenchment is such that every day one or the other employee is losing his job. Big companies are laying off people. According to a figure, 3000 employees are losing their jobs every day in India as well as globally. The situation is likely to get worse in the times to come as some of the big tech companies have announced massive layoffs.

In the year 2023, Microsoft and Google have joined this retrenchment phase. Microsoft laid off 10,000 workers, while Google’s parent company Alphabet announced 12,000 layoffs. Apart from this, companies like Meta, Twitter and Salesforce are included in the list of layoffs.

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