February 22, 2023 (Investorideas.com Newswire) Fair Betting Sites sourced data from Statista to reveal the 10 largest media industry layoffs in history & put Spotify’s recent cuts into context.
If you’d like to use the data in this PR, please credit & link to https://fairbettingsites.co.uk
Full story here, https://fairbettingsites.co.uk/blog/2023/02/22/spotify-job-layoffs-ranks-as-largest-in-media-industry-history/
List below for the largest media industry layoffs worldwide as of January 2023.
Spotify – 600 Jobs (January 2023)
Netflix – 300 Jobs (June 2022)
Big Fish Games – 250 Jobs (September 2020)
Meow Wolf – 201 Jobs (April 2020)
Roku – 200 Jobs (November 2022)
BuzzFeed – 180 Jobs (December 2022)
Netflix – 150 Jobs (May 2022)
VerSe Innovation – 150 Jobs (November 2022)
Calisto Media – 140 Jobs (July 2022)
Vox Media – 130 Jobs (January 2023)
The move set to cut 600 employees, amounts to 6 percent of Spotify’s staff.
The music streaming company is apparently looking to restructure in hopes of increasing efficiency, reducing costs and speeding up decision-making.
Overall, the layoffs continue a trend in the media industry, which has seen 10 different companies cut at least 130 jobs over the last two years.
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com