Spotify announces employee layoffs

Spotify said Monday it will cut 6% of its workforce to reduce costs.

COLUMBIA, S.C. (WOLO)— Spotify said Monday it will cut 6% of its workforce to reduce costs.

Spotify had nearly 10,000 employees globally as of Sept. 30.

CEO Daniel Ek wrote in a letter to employees that the cuts are “difficult but necessary.”

Over the past three months, Amazon, Google, Microsoft and Facebook- parent Meta have announced plans to cut more than 50,000 employees from their collective ranks.

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