Spotify Technology, the Swedish audio streaming giant is preparing to announce layoffs this week according to reports, adding to an industry-wide bloodbath that has cost thousands of jobs at Apple, Google, Microsoft and Amazon.
The number of job cuts under consideration at the popular streaming service is not clear, Bloomberg reported
In October 2022, Spotify, which has about 9,800 employees, let go of 38 employees from its podcast studios Gimlet Media and Parcast.
Spotify, which saw its share price plunge 66 per cent last year, did not immediately respond to a request for comment.