Spotify announces cuts; Big Techs fire more than 50 thousand in 3 months

On Monday (23), the Spotify announced that it will lay off 6% of its staff, which is equivalent to 600 people. Additionally, the company's vice president of content and advertising will also be replaced.

In October 2022, the company announced that it was slowing down hiring for the remainder of the year and for 2023.

In the statement signed by CEO, Daniel Ek, the platform explains that the measure serves a larger organizational restructuring.

"In a challenging economic environment, efficiency assumes greater importance. So, in an effort to generate more efficiency, control costs and streamline decision making, I decided to restructure our organization.”.

➡️ Read the statement in full.

Remember the 'Big techs' that have laid off en masse in recent months

• A Microsoft announced the layoff of 10 thousand.
• O Twitter fired around 50% of the company's employees.
• A Amazon announced the dismissal of 18 thousand people.
• A Meta. Facebook, announced the dismissal of 11 thousand people.

📱 It is worth remembering that thebig techs' are the big technology companies that have dominated the market in recent years.

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