Spotify Is Said to Plan Job Cuts in Latest Tech Layoffs (1)

Spotify Technology SA The company is planning to cut jobs this week as well, with a number of tech companies from Amazon.com Inc. to Meta Platforms Inc. announcing job cuts to cut costs, according to people familiar with the plan.

The number of positions removed is not specified by the people. Spotify dismissed In October, we had 38 staff members from Gimlet Media and Parcast podcast studios. The music-streaming giant has about 9,800 employees, according to its third-quarter earnings report.

Tech companies increased headcount during the pandemic, but were forced to cut back in response to falling advertising revenue…