Spotify Layoffs 2024 Tacoma. Music streaming service spotify is laying off 17% of its workforce worldwide, in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth, ceo. Music streaming giant spotify said on monday that it will lay off around 1,500 employees, or 17% of its workforce, to bring down costs, after letting 600 of its staff go in.
Spotify to layoff 17% of employees amid tech slowdown in a memo addressed to staff, ceo daniel ek said it was necessary for the company to rightsize after hiring too many. Spotify previously terminated around 600 employees in january 2023, and.