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Now this music streaming giant will lay off employees, know the reason

Now this music streaming giant will lay off employees, know the reason

Spotify Layoffs 2023: Big news related to music streaming giant Spotify Technology sa is coming out. Spotify Technology Company is going to lay off its employees globally. In this, it is being said that about 6 percent of the employees will be fired. The reason behind this has been attributed by the company to its cost reduction. In its beginning, the company is planning to lay off. Learn about the case in detail…

Will fall on so many employees

According to media reports, the Spotify company has informed on Monday that, globally, 6 percent of its employees i.e. about 600 employees will be laid off. Announcing this, Swedish company’s CEO Daniel Ek said that, we are reducing about 6 percent of our employees in the company. For this I take full responsibility. The company currently had over 9,800 full-time employees.

Many companies are ending jobs

Audio streaming platform Spotify has also joined some of the world’s leading companies, which are laying off their employees 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 fired thousands of people from last year till now in the month of January.

Retrenchment due to recession

According to media reports, there has been a rapid decline in companies during the Corona Pandemic. Recently IT firms 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.

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