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Al Jazeera
Al Jazeera
Business

Spotify to announce layoffs as soon as this week: Bloomberg

Spotify is planning to lay off employees as soon as this week, according to a Bloomberg News report [File: Christian Hartmann/Reuters]

Spotify Technology, the Swedish audio streaming giant, is preparing to announce layoffs as soon as this week, Bloomberg News has reported, adding to an industry-wide bloodbath that has cost thousands of jobs at Apple, Google, Microsoft and Amazon.

The number of job cuts under consideration at the popular streaming service is not clear, Bloomberg reported on Monday, citing unnamed people who are familiar with the matter.

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