Spotify announces that it will lay off 6 percent of its workforce

Last week we talked about the Google layoffs, but now it’s Spotify’s turn, who, as we read in Reuters, have laid off 6 percent of their global workforce. However, as it is a smaller template compared to Google’sthis is not as high an employee figure as has been the case at the search giant.

Total, Approximately 600 workers will be the ones who will soon be unemployedWell, what has been announced today has been that this cut of 6 percent will be carried out.

To no one’s surprise, the reason given for these dismissals is the same as in other companies, and that is that following the massive recruitment that took place during the pandemic, the reduction in demand for this type of service has resulted in massive layoffs across the industry in preparation for a possible recession.

This massive hiring made Spotify’s operating costs grow twice as fast as the company’s revenues, something that makes it clear that the accounts that were made in relation to these contracts were incorrect or non-existent.

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