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Joining the other tech companies like Google, Microsoft, music-streaming giant Spotify has announced to trim off 6% of its staff amid fear of probable recession.
Spotify Technology SA said on Monday (Jan 23) it plans to cut 6per cent of its workforce and would take a related charge of up to nearly $50 million (S$66 million), adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a demand downturn after two years of pandemic-powered growth...
Ostroff led the digital streaming service's podcast business, which CEO Daniel Elk says was "too ambitious"
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Jan 23 (Reuters) - Spotify Technology SA (SPOT.N) On Monday, it planned to cut 6% of its workforce and take nearly $50 million in charges, adding to