Spotify will cut about 6% of jobs in latest tech layoffs

By Ashley Carman and Kamaron Leach | Bloomberg

Spotify Technology SA is planning to cut about 6% of its employees, or around 600 employees, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs.

The move was announced in a filing Monday morning, confirming reports from over the weekend that there would be job cuts. Most departments will be impacted across the company, a Spotify spokesperson told Bloomberg.

The music streaming giant has about 9,800 employees, according to its third-quarter earnings report. Spotify laid off 38 staff from its Gimlet Media and Parcast podcast studios in October.

Tech companies, including

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