Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg reported on Sunday (Jan 22), joining the likes of Alphabet Inc,
The report, which cited sources, said that the number of jobs being eliminated was not specified.Tech firms shed jobs last year as a demand boom during the pandemic rapidly fizzled, and layoffs have continued this year with companies looking to rein in costs to ride out the economic downturn.
In the last few weeks, Google parent Alphabet said it would eliminate 12,000 jobs, while Microsoft said it would eliminate 10,000. Amazon's layoff round will impact more than 18,000 roles. Other tech companies like Facebook-parent Meta and Elon Musk's Twitter laid off thousands late last year.
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Spotify planning layoffs as soon as this week to cut costsThe company has about 9,800 employees, according to its third-quarter earnings report. Read more at straitstimes.com.
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Western Digital, Kioxia in advanced talks for merger - Bloomberg NewsMemory chip maker Western Digital Corp and Japan's Kioxia Holdings Corp are in advanced talks for a possible merger which will involve a dual-listing, Bloomberg News reported on Friday.A combined Kioxia-Western Digital would control a third of the NAND flash market, putting it on par with South Korea’s
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Temasek-backed Zilingo poised to go into liquidation: ReportThe board of the Singapore-based fashion technology start-up has appointed EY Corporate Services as its provisional liquidator, sources told Bloomberg.
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Russia's Wagner to send Kyiv bodies of soldiers killed in Soledar: ReportThe private Russian military group Wagner plans to send the bodies of Ukrainian soldiers killed in fighting in the captured town of Soledar to territory held by Ukraine, a website linked to the group's founder Yevgeny Prigozhin reported on Saturday (Jan 21). Wagner said on Jan 11 it had captured Soledar, a
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New Zealand's ruling party confirms Chris Hipkins as new prime minister: ReportWELLINGTON: New Zealand's ruling Labour Party selected Chris Hipkins to replace Jacinda Ardern as leader of the Labour party and prime minister in a meeting on Sunday (Jan 22), Radio New Zealand reported. Hipkins, 44, was the
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