Spotify revealed on Monday (December 4) that it is slashing around 17% of the company’s global workforce in its latest round of jobs cuts. The company reported in an investor filing at the end of Q3 that its workforce consisted of 9,241 employees globally, which means that over 1,500 jobs will be affected by today’s news. Today’s news marks the streaming company’s third round of job cuts this year.
Source: Spotify to axe over 1,500 jobs in latest round of layoffs