Layoffs 2023: Spotify to begin firing as soon as this week

It's unclear at this moment how many positions at Spotify will be eliminated.

[{"selector":"#anim-3fc6ce0f-add3-40db-aeaf-131d0259b206","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fac70231-fbb2-4280-862b-b7d49dcdf024","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-177a9d83-c5f5-47f2-8b35-89ade6427ea3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

38 employees from Gimlet Media and Parcast, Spotify's podcast production studios, were let go in October.

[{"selector":"#anim-65fb3c2d-f91f-4308-9012-e016f24b6ac3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc34bcb0-1571-4672-8474-93739509bc03","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-710c78cd-838c-4434-88cf-34141fac6a1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Spotify currently employs roughly 9,800 people.

[{"selector":"#anim-e29318b5-a68f-45e8-976c-535b94a4f620","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-543bff23-c556-417a-bc36-ea478fef4dc2","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cdda88a-4028-4110-8a93-ace659e3b438","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

The share price of Spotify fell 66% last year.

[{"selector":"#anim-6c288b83-845c-4f52-8d7a-f33d7ecf9fab","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1af09e55-360e-4388-ae01-63e727c420ac","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9938c73d-b18b-4ef6-acc0-29997d5fdf9a","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

In recent weeks, Google parent Alphabet, Microsoft and Amazon have let go of a combined 40,000 employees.

[{"selector":"#anim-160fcf26-e8ad-45c4-8e30-a03a80a9c6de","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a2b9120-ac0c-44fd-b4ea-11a65f06187e","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-094c886b-30bc-43bc-8375-c9c2b9f69d42","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]