Spotify is planning layoffs as soon as this week, according to people familiar with the plans.
planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon.com to Meta Platforms in announcing job cuts to lower costs.
The number of positions to be eliminated wasn’t specified by the people. Spotify laid off 38 staff from its Gimlet Media and Parcast podcast studios in October. The music streaming giant has about 9 800 employees, according to its third-quarter earnings report. Tech companies added to their headcounts during the pandemic but were forced to make reductions in response to reduced advertising revenue and a shaky economic outlook. Amazon, Meta and Microsoft were among the biggest companies to announce staff reductions recently, while Google parent Alphabet said Friday it will cut about 12 000 jobs, more than 6% of its global workforce.The company made a massive commitment to podcasting beginning in 2019.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spotify becomes latest tech company to slash jobsSpotify is planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon to Meta Platforms announcing job cuts to lower costs.
Read more »
Spotify becomes latest tech company to slash jobsSpotify is planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon to Meta Platforms announcing job cuts to lower costs.
Read more »
PERMANENT load shedding for the next two years: EskomEskom announced that load shedding would be permanently implemented over the next two years as part of their plan to increase the Energy Availability Factor and end power cuts.
Read more »
Fixing SA’s energy crisis will ‘take years of doing the right things’As Eskom announced that stages 2 and 3 of load-shedding could be implemented permanently for the next two years, experts have warmed of more job losses.
Read more »
Fixing SA’s energy crisis will ‘take years of doing the right things’Fixing SA’s energy crisis will ‘take years of doing the right things’: As Eskom announced that stages 2 and 3 of load-shedding could be implemented permanently for the next two years, experts have warmed of more job losses.
Read more »
Grand Cherokee L a big value beastGrand Cherokee L a big value beast - Jeep’s new SUV cuts an impressive figure and performs off the beaten track
Read more »