Spotify, the music and media streaming application, will reportedly lay off some of their employees this coming week.
With 9,800 employees, the company has not yet specified how many jobs are at risk.
In 2019, Spotify layed-off 38 of their employees, mostly in their podcast editorial team.
Like many major tech companies, Spotify focused on expansion in the pandemic and is now joining the trend of laying off excess staff.
Just last week, Google parent company Alphabet announced they would be cutting 12,000 jobs from their global workforce.
Microsoft is also set to cut 10,000 jobs, citing slowing consume spending as the main reason they needed to cut back costs.
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Near the start of the year, Amazon announced they would be cutting 18,000 jobs, following on from earlier announcements of layoffs at Twitter and Meta.
It remains unclear what departments will be hit by the cuts. In 2019, Spotify cut 38 people from their global team, mainly in their podcast editorial team.
Last week, Spotify – and seven other companies – are demanded regulatory action against Apple for what they deem to be “anti competitive behaviour.”
In an open letter to Margrethe Vestager, the European Commissioner for Competition, the companies – all involved in similar businesses – demanded “meaningful regulatory action against Apple’s long-standing anti-competitive practices in Europe.”
Spotify’s long-running complaints against Apple stem from a number of policies, including the money Apple takes from subscriptions made on the iPhone and the rules in its App Store.
In the letter, the companies – spearheaded by Spotify – claim that regulators have not done enough to stop Apple thriving under unfair practices, calling for “urgent action from the EU to end Apple’s abusive behaviours” with regards to speeding up an ongoing case that relates to accusations of anti-competitive behaviour by Apple, as well as demanding that the upcoming Digital Markets Act is used to crack down on Apple’s policies.
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