{"id":5336,"date":"2023-02-22T05:32:59","date_gmt":"2023-02-22T05:32:59","guid":{"rendered":"https:\/\/bettingsitesreviewed.co.uk\/?p=5336"},"modified":"2023-03-17T12:30:31","modified_gmt":"2023-03-17T12:30:31","slug":"spotify-job-layoffs-ranks-as-largest-in-media-industry-history","status":"publish","type":"post","link":"https:\/\/bettingsitesreviewed.co.uk\/blog\/2023\/02\/22\/spotify-job-layoffs-ranks-as-largest-in-media-industry-history\/","title":{"rendered":"Top 10 Largest Media Industry Layoffs Worldwide As Of January 2023"},"content":{"rendered":"<p>The media industry is experiencing one of the biggest layoffs in the last three years. In January 2023, Spotfiy laid off 600 people, marking the largest media industry layoff in the world since 2020. The music streaming service announced a round of layoffs affecting 6% of their global workforce.<\/p>\n<p>While Spotfiy tops the list with the largest layoff in the media industry, it wasn&#8217;t long ago that Netflix sat at No.1. Now moved to two, Netflix has laid off 300 jobs in June 2020.<\/p>\n<h3>Check out the list below for the largest media industry layoffs worldwide as of January 2023.<\/h3>\n<p><script id=\"infogram_0_e1d80fad-0033-4bf4-974c-e9d73257968f\" title=\"Untitled infographic\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?ujj\" type=\"text\/javascript\"><\/script><\/p>\n<ol>\n<li>Spotify \u2014 600 Jobs (January 2023)<\/li>\n<li>Netflix \u2014 300 Jobs (June 2022)<\/li>\n<li>Big Fish Games \u2014 250 Jobs (September 2020)<\/li>\n<li>Meow Wolf \u2014 201 Jobs (April 2020)<\/li>\n<li>Roku \u2014 200 Jobs (November 2022)<\/li>\n<li>BuzzFeed \u2014 180 Jobs (December 2022)<\/li>\n<li>Netflix \u2014 150 Jobs (May 2022)<\/li>\n<li>VerSe Innovation \u2014 150 Jobs (November 2022)<\/li>\n<li>Calisto Media \u2014 140 Jobs (July 2022)<\/li>\n<li>Vox Media \u2014 130 Jobs (January 2023)<\/li>\n<\/ol>\n<h2>Spotify Job Layoffs Ranks as Largest in Media Industry history (600 jobs lost)<\/h2>\n<p>In Spotify\u2019s most recent earnings report, the company had 9,808 full-time employees.<\/p>\n<p>The move is set to cut 600 employees, which is 6 percent of their staff.<\/p>\n<p>Spotify is the latest tech company that is forced to cut its workforce in the midst of the globally economic downturn. Recently, Google announced it would cut 12,000 jobs and similar layoffs were executed by Twitter, Amazon, Microsoft and Meta.<\/p>\n<p>The music streaming company is apparently looking to restructure in hopes of increasing efficiency, reducing costs and speeding up decision-making.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The media industry is experiencing one of the biggest layoffs in the last three years. In January 2023, Spotfiy laid off 600 people, marking the largest media industry layoff in the world since 2020. The music streaming service announced a round of layoffs affecting 6% of their global workforce. While Spotfiy tops the list with &hellip; <\/p>\n","protected":false},"author":33,"featured_media":5338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 10 Largest Media Industry Layoffs Worldwide As Of January 2023<\/title>\n<meta name=\"description\" content=\"Spotify tops the highest media industry layoffs in the last 3 years after firing 600 people in January 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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