Spotify will undertake cost-cutting layoffs like Google, Amazon, and Microsoft.
In an effort to reduce expenses, Spotify Technology, a significant tech business, plans to lay off employees. As early as this week, the corporation might announce the layoffs, according to a Bloomberg story. The firm let off 38 employees from its Gimlet Media and Parcast podcast studios in October, along with podcast editing staff in September. It is currently intending to lay off further employees, but it is not clear how many positions would be eliminated. According to Spotify’s third-quarter financial report, the company currently employs around 9,800 people. Additionally, Spotify has spent over a billion dollars on acquisitions and…