Spotify axes 6% of workforce on dimming outlook

By Associated Press

Jan 25, 2023 12:16 am

LONDON: Music streaming service Spotify said on Monday it was cutting 6 percent of its global workforce, or about 600 jobs, becoming the latest tech company forced to rethink its coronavirus pandemic-era expansion as the economic outlook weakens.

Spotify Chief Executive Officer (CEO) Daniel Ek announced the restructuring in a message to employees that was also posted online.

Spotify’s app is seen on an iPad screen in Baltimore, Maryland on March 20, 2018. AP FILE PHOTO

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