Media tech firm Spotify to cut staff as soon as this week

Media tech firm Spotify to cut staff as soon as this week

A Spotify Ltd. logo sits on display as employees work at desktop computers inside the music streaming company's offices in Berlin, Germany, on Friday, June 17, 2016. Photographer: Krisztian Bocsi/Bloomberg

Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp who have cut thousands of jobs recently.