- Spotify is laying off about 1,500 more staff members.
- This year, layoffs have expanded beyond tech, media, and finance with retail companies also cutting.
- See the full list of layoffs so far in 2023.
Layoffs have remained an unfortunate reality of 2023, continuing pace with the cuts made at dozens of companies toward the end of last year.
Streaming giant Spotify announced its third round of layoffs in a blog post Monday, citing slow economic growth as a factor.
Meanwhile, dozens of other companies have made significant reductions to staff this year: Tech companies, including Meta and Google, and finance behemoths, like Goldman Sachs, announced big layoffs in the first weeks of 2023 amid worries about the economy.
The downsizings followed significant reductions that companies, including Meta and Twitter, made toward the end of last year.
According to data from Layoffs.fyi, a site tracking layoffs since the start of the pandemic, tech companies slashed more than 253,000 jobs in 2023 alone — compared to during the pandemic, when they cut 80,000 in March to December 2020 and 15,000 in 2021.
Here are notable job cuts so far in 2023: