Spotify begins largest cuts in its history

The economic crisis in the world and in Europe has also touched big companies that had previously been quite stable in the show business.

As reported by Western insiders, the Swedish music service Spotify, which until recently was considered one of the most successful, has begun laying off employees on a large scale.

It is noted that unlike Ilon Musk, who announced the Twitter optimization in advance, the Swedish service's head office has not made any announcements.

Therefore, it is difficult to say how many people will lose their jobs at Spotify. But experts say that the number of people laid off could already be in the hundreds.

The company has been in business since 2009 and has a history of layoffs. This time, however, their scale was record-breaking.

The reason for such voluminous optimisation is trivial - a sharp drop in revenues amid the global crisis.