Tech layoffs are never ‘just one’ as multiple companies shed their workforce

The Motley Idiot Chief Funding Officer Scott Phillips says tech layoffs by no means cease at “only one” as Spotify will shed six per cent of its workforce.“Tech layoffs appear to be like cockroaches, it’s by no means only one – as quickly as a few firms did it everybody’s leaping on board,” Mr Phillips advised Sky Information Australia.“Stress from shareholders in fact, stress financially – Spotify nonetheless hasn’t turned a revenue by the way in which so that they’re nonetheless current by the great graces of their money stability and the cash from buyers.“I don’t assume this would be the final spherical of tech layoffs sadly.”