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Friday, July 19, 2024

Spotify is laying off 17 percent of employees across the company

Spotify is laying off 1,500 employees, who will be notified later today

This is Spotify’s third round of layoffs this year, and will account for 17% of the company’s staff.

Spotify is cutting jobs for the third time this year. In a pre-holiday shocker, Spotify is laying off 1,500 workers, or 17 percent of its workforce, CEO Daniel Ek announced in a press release on Monday. The cuts are being made due to what Ek called “the challenges ahead” and he elected to make them immediately instead of doing smaller reductions over time. Affected employees will be notified later today, he added.

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