Spotify could cut staff as early as this week
The Hindu
Spotify Technology is planning to cut staff and the move could come as soon as this week, reported Bloomberg News
Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc., Amazon.com Inc., and Microsoft Corp. who have cut thousands of jobs recently.
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The report, which cited sources, said that the number of jobs being eliminated was not specified.
Spotify did not immediately respond to a Reuters' request for comment.
Tech firms shed jobs last year as a demand boom during the pandemic rapidly fizzled, and layoffs have continued this year with companies looking to rein in costs to ride out the economic downturn.
In the last few weeks, Google parent Alphabet said it would eliminate 12,000 jobs, while Microsoft said it would eliminate 10,000. Amazon's layoff round will impact more than 18,000 roles.
Other tech companies like Facebook-parent Meta and Elon Musk's Twitter laid off thousands late last year.
The Hindu Future India Club (FIC), in association with VIT-AP, Amaravati, will organise a seminar on ‘Career Opportunities in Law, Management and Sciences’ on July 31. The event is being organised in collaboration with GEMS Public School on the campus of the institution near Acharya Nagarjuna University in Guntur district.
The Central Bureau of Communication (CBC) of the Union Ministry of Information and Broadcasting organised a photo exhibition at Dr. B.R. Ambedkar Bhawan in Guntur on the occasion of the 25th anniversary of the Kargil Vijay Diwas on July 26 (Friday), commemorating the valour, supreme sacrifice and victory of the soldiers in the Kargil War in 1999. The exhibition is being organised for three days.