LONDON (AP) — Music streaming service Spotify said Monday it's cutting 6% of its global workforce, becoming yet another tech company resorting to layoffs as the post-pandemic economic outlook weakens. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online. As part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.
Spotify latest tech name to cut jobs, axes 6% of workforce