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# Spotify cuts 1500 jobs in third round of layoffs this year
- URL: https://www.hypebot.com/spotify-layoffs-hit-17-of-global-workforce/
- Published: 2023-12-04T15:42:00.000Z
- Updated: 2023-12-04T21:58:00.000Z
- Description: UPDATE: Spotify has laid off 17% of its global workforce, or 1500 of its estimated 9000 employees, the streamer said in a memo to staff Monday. This round of layoffs. Continue reading [https://www.hypebot.com/hypebot/2023/12/spotify-layoffs-hit-17-of-global-workforce.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, music, music industry, musician, musicians, Spotify, #wp, #wp-post, #Import 2026-01-21 09:44

UPDATE: Spotify has laid off 17% of its global workforce, or 1500 of its estimated 9000 employees, the streamer said in a memo to staff Monday. This round of layoffs followed a 6% or [600-person reduction in January](https://www.hypebot.com/read-ceo-eks-full-letter-to-spotify-staff-announcing-major-layoffs-organizational-changes/), with 200 more let go in June.

While Spotify has become the world’s top streaming service, it has struggled to find consistent profitability. Wall Street reacted positively in early trading Monday.

There is no indication yet on who will be affected, but layoffs of this magnitude are often spread across all or most departments. Employees who let go will reportedly begin to receive notices later today.

“I recognize this will impact a number of individuals who have made valuable contributions,” **CEO Daniel Ek** wrote in the memo to staf obtained by the [Financial Times](https://www.ft.com/content/7c654f95-8571-471c-8af5-9578cd254386?ref=hypebot.com). “To be blunt, many smart, talented, and hard-working people will be departing us.”

“Considering the gap between our financial goal state and our current operational costs,” Ek continued, “I decided that a substantial action to rightsize our costs was the best option to accomplish our objectives.”

Major tech companies, including **Amazon, Google, Meta, Twitter**, and **Netflix** have cut an estimated 250,000 jobs this year.

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com) professor.*