Spotify said Monday it plans to reduce headcount by around 6%, equating to about 600 employees.
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Based on that figure, a workforce reduction of around 6% would equate to about 588 workers losing their jobs.
In addition to the layoffs, Dawn Ostroff, chief content and advertising business officer, is set to leave Spotify, Ek said.
Spotify's announcement comes as other major tech companies, including Google, Meta, and Twitter, cut jobs in an effort to slash costs.