February 6, 2023

Music streaming giant Spotify announced that it will cut 6% of its workforce, with about 600 employees leaving the company.

Spotify’s move is the latest in a series of mass layoffs at big tech companies, with Microsoft, Amazon, Facebook parent Meta and Google parent Alphabet all recently announcing layoffs in response to the current economic downturn. Tech companies had been on a hiring spree earlier, as pandemic-induced spending boosted demand for consumer goods and services.

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