Spotify might layoffs this week

Spotify might layoffs this week ...

Spotify may terminate employees this week.

Spotify is among the growing number of companies that have announced or confirmed large-scale layoffs this week. In October of last year, Bloomberg reported that “the number of individuals at the company that are likely to lose their jobs has not been determined.”

According to layoff tracking website Layoffs.fyi, around 24,151 individuals in the technology industry lost their jobs, with the majority losing jobs at cryptocurrency loan exchanges like Amazon, Salesforce, Coinbase, and others. Crypto.com announced last week that it would eliminate its worldwide workforce by about 20% due to continued economic hardships and unexpected business events.

According to a study by The Information, a record 51,489 computer professionals lost their jobs in November, marking the month with the highest rate of layoffs since the recession began. In the early months of 2023, Google is likely to take drastic measures to reduce its workforce size.

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