Layoffs and Job Reductions – Page 23

Spotify to Lay Off 6% of Its Work Force

The audio streaming platform becomes the latest big technology company to cut costs over worries about the economy.

Some of the biggest tech companies have announced tens of thousands of job cuts. But even after the layoffs, their work forces are still behemoths.

The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.

The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.

For decades, tech companies heralded an approach that centered on making workers happy. That’s changing fast.