Spotify is the latest company to announce job cuts amid a layoff wave expanding beyond tech. Here's the full list of major US companies making slashes this year.

• Spotify is the latest company to announce layoffs.
• In recent months, layoffs have expanded beyond tech, media, and finance as Gap and Whole Foods announced cuts.
• See the full list of layoffs so far in 2023.

A wave of layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down into 2023.

Spotify is the latest company to announce layoffs, according to a memo sent to employees from the company.

In the memo, the vice president of Spotify's podcast business Sahar Elhabashi explained the layoffs would impact around 200 employees. A Spotify spokesperson told Insider the layoffs would impact employees a part of Spotify's podcast business and its supporting functions, including talent acquisition and financial roles. This is the second round of layoffs the company has announced this year: In January, Spotify's CEO said the company would cut 6% of its staff.

The recent layoffs are a part of the brand's decision to change how it works with podcast partners around the globe and would help the brand "support the creator community better," the memo read.

The news comes less than a week after cryptocurrency exchange company Binance announced it was considering staff cuts, and on the heels of recent layoffs at companies including  JPMorgan Chase, LinkedIn and Shopify.  

These companies join a large number of major corporations that have made significant cuts in the new year: Tech companies, including Meta and Google, and finance behemoths, like Goldman Sachs, announced massive layoffs in the first weeks of 2023 amid a continued economic downturn and stagnating sales.

The downsizing followed significant reductions that companies including Meta and Twitter made last year. 

The layoffs have primarily affected the tech sector, which is now hemorrhaging employees at a faster rate than at any point during the pandemic, the Journal reported. According to data cited by the Journal from Layoffs.fyi, a site tracking layoffs since the start of the pandemic, tech companies slashed more than 187,000 in 2023 alone — compared to 80,000 in March to December 2020 and 15,000 in 2021. 

But it's not just tech companies that are cutting costs, with the major job reductions that have come from the Gap, along with FedEx, Dow, and Wayfair.

Here are notable job cuts so far in 2023: