Spotify Technology SA is planning layoffs as quickly as this week, in accordance with individuals conversant in the plans, becoming a member of a slew of expertise firms from Amazon.com Inc. to Meta Platforms Inc. in asserting job cuts to decrease prices.
The variety of positions to be eradicated wasn’t specified by the individuals. Spotify laid off 38 workers from its Gimlet Media and Parcast podcast studios in October. The music streaming big has about 9,800 staff, in accordance with its third-quarter earnings report.
