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Spotify will reduce hiring by 25 percent - The Verge News

Spotify will reduce hiring by 25 percent - The Verge News

Last week, the company touted growth at its investor presentation. But CFO Paul Vogel hinted that economic conditions could force Spotify to reevaluate its headcount.

Spotify is reducing its new hiring by 25 percent as recession fears mount, according to an internal memo obtained by Bloomberg. It is unclear which parts of the business will be most affected.

Spotify is far from the only tech company to reevaluate its staffing as the stock market tumbles. Twitter and Meta each announced some degree of hiring freeze last month, and Netflix made headlines in April for its layoffs, particularly at in-house fan site Tudum.

https://www.theverge.com/2022/6/15/23169839/spotify-reduce-hiring-25-percent-recession-netflix-twitter


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