Spotify Reducing Hiring Growth By 25%, CEO SaysSpotify CEO Daniel Ek told employees the company will
reduce hiring growth by 25%, according to several reports, joining a growing number of companies that are taking cost-cutting measures amid
fears of a recession.In an email to employees, Ek said the company would
still hire new employees, but will
“slow that pace and be a bit more prudent… over the next few quarters.”Crypto-brokerage Coinbase said it planned to
lay off roughly 18% of its staff to lower costs.
Reuters reported last week Elon Musk wanted to
lay off about 10% of Tesla’s salaried staff and implement a hiring freeze for those positions.
