STOCKHOLM -- Spotify said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon and Microsoft in slashing headcount as the global economy slows.

Amazon on Monday said it would lay off 110 people in its audio division Wondery, as more podcasts are including video.

Amazon plans to lay off approximately 110 employees as part of a strategy overhaul for its Wondery podcast business, shifting focus to video-driven content to compete with platforms like Spotify and ...