The Big Banks are teaming up.

It's like the Avengers, but instead of superpowers, they've got Excel spreadsheets.

Motley Fool Money starts now.

I'm Chris Hill, joining me today, Motley Fool's Senior Analyst, Jason Moser.

Thanks for being here.

Hey, thanks for having me.

We're going to get to the Big Banks in a minute, but let's start with Spotify.

The audio streaming company became the latest to announce layoffs in what is now becoming

a common refrain.

Spotify CEO Daniel Eck said the company was overly ambitious in its hiring and investments

during the pandemic and is going to be reducing headcount by 6%, which is about 600 employees.

And this one hits a little bit closer to home for me because we've been working with

Spotify as our partner on the new stock advisor roundtable podcast and they've been fantastic

to work with.

So hopefully this next stage goes as smoothly as it possibly can for them.

But at a higher level, Jason, this is really what we've been seeing over the past couple

of months and we are almost certainly going to be seeing more of this.

Yeah, I mean, it sounds like we're, I think we're sounding like a broken record, right?

This is going to be a theme for the first half of the year and we say that I think every

week.

So this is not surprising to see this.

It's just one more domino to fall, I guess.

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