Spotify to begin firing as soon as this week
It's unclear at this moment how many positions at Spotify will be eliminated.
38 employees from Gimlet Media and Parcast, Spotify's podcast production studios, were let go in October.
Spotify currently employs roughly 9,800 people.
The share price of Spotify fell 66% last year.
In recent weeks, Google parent Alphabet, Microsoft and Amazon have let go of a combined 40,000 employees.