Spotify may reportedly announce layoffs this week
Spotify layoffs: The music streaming service might join the growing list of corporations that have hinted at or confirmed large-scale layoffs this week. People acquainted with the preparations were reported by Bloomberg as stating, “The number of individuals at the firm that are likely to lose their jobs has not been stated.” Spotify let off 38 staff from its Gimlet Media and Parcast podcast studios in October of last year. The year 2023 started off poorly for IT workers around the world, with 91 organizations laying off almost 24,000 tech professionals in the first 15 days of the month.
According to the layoff tracking website Layoffs.fyi, around 24,151 people in the technology industry lost their employment, with the biggest losses being at cryptocurrency loan exchanges like Amazon, Salesforce, Coinbase, and others. Due to continued economic challenges and unexpected business occurrences, Crypto.com stated last week that it will cut its global staff by about 20%. There were 153,110 layoffs in 2022, with the biggest ones being at Meta, Twitter, Oracle, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce. This data comes from a website that has been keeping track of layoffs since the beginning of the epidemic.
In November, a record-breaking 51,489 computer professionals lost their employment, making it the month with the highest rate of layoffs since the recession began. In the early months of 2023, Google, like many other big tech firms, is likely to implement severe measures to cut its workforce size. Approximately six percent of Google’s workforce may be terminated for “not having enough effect,” according to a report by The Information. As many as 11,000 people might lose their employment at Google due to layoffs in 2023.