News > Spotify expected to start layoff process amid tech slowdown

Spotify expected to start layoff process amid tech slowdown

Spotify in October laid off 38 staff from its Gimlet Media and Parcast podcast studios. Spotify Technology is planning layoffs as soon as this week to cut costs, joining the likes of Alphabet Inc, Amazon.com Inc, and Microsoft Corp who have cut thousands of jobs recently. In the last few weeks, Google parent Alphabet said it would eliminate 12,000 jobs, while Microsoft said it would eliminate 10,000. Other tech companies like Facebook-parent Meta and Elon Musk’s Twitter laid off thousands late last year.