In an effort to cut costs, Spotify may cut staff as soon as this week

According to its third-quarter report, the enormous music-streaming corporation employs over 9,800 workers.Those familiar with the plans claim that Spotify Technology.

It wasn’t made clear how many people were laid off. 38 workers from Spotify’s Gimlet Media and Parcast podcast studios were laid off in October along with members of the podcast editorial crew.

Microsoft Corp., Amazon.com Inc., Alphabet Inc., the parent company of Google, and Meta Platforms Inc. have all lately announced workforce cutbacks.During the epidemic.