Spotify to cut staff as soon as this week - Bloomberg News - Reuters

Jan 22 (Reuters) - Spotify Technology(SPOT.N) is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc(GOOGL.O), Amazon.com Inc(AMZN.O), Microsoft Corp(MSFT.O) who have cut thousands of jobs recently.

The report, which cited sources, said that the number of jobs being eliminated was not specified.

Spotify did not immediately respond to a Reuters' request for comment.

Tech firms shed jobs last year as a demand boom during the pandemic rapidly fizzled, and layoffs have continued this year with companies looking to rein in costs to ride out the economic downturn.

Other tech companies like Facebook-parent Meta and Elon Musk's Twitter laid off thousands late last year.

Reporting by Rahat Sandhu in Bengaluru; Editing by Eileen Soreng