New York Post

Spotify cuts its staff

- Ariel Zilber

Spotify will lay off some 6% of its 6,600-strong workforce as the streaming giant becomes the latest tech firm to undertake cost-cutting measures to cope with a struggling economy.

The Sweden-based company will shed some 400 employees who will be paid an aggregate of between $38 million and $48 million in severance, according to Bloomberg News.

Spotify also announced the departure of Dawn Ostroff, the company’s chief content and advertisin­g business officer. Ostroff leaves amid a companywid­e reorganiza­tion.

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