Spotify to cut 17% of staff in the latest round of tech layoffs

[☑︎#VoteDemocrat]

Spotify to axe 1,500 workers to cut costs

The music-streaming company says it is making people redundant to "rightsize" the firm.

www.bbc.com

Spotify to Cut 1,500 Jobs After Spending Spree (Published 2023)

The music streaming service has expanded into podcasting and audiobooks but found it difficult to turn a consistent profit.

www.nytimes.com

Spotify announces another round of major job cuts

The move is part of a wider trend as tech companies seek savings amid a slower-than-expected economy.

www.aljazeera.com

https://www.npr.org/2023/12/04/1216950219/spotify-layoffs-17-percent-tech

 

[Rekkapryde]

But none of the higher level people get sliced

 

[☑︎#VoteDemocrat]

But none of the higher level people get sliced

We dont know that to be honest…when you’re talking nearly 1/5th thats entire business sections. That would include those execs and definitely mid level managers too.

 

[Rekkapryde]

We dont know that to be honest…when you’re talking nearly 1/5th thats entire business sections. That would include those execs and definitely mid level managers too.

you ruining my agenda

 

[Thavoiceofthevoiceless]

But none of the higher level people get sliced

This further proves that the subscription game isn’t as lucrative as people originally thought.

With that being said, that severance package isn’t bad at all

 

[jadillac]

 

[☑︎#VoteDemocrat]

They’re gonna be selling CDs at this rate

 

[☑︎#VoteDemocrat]

This further proves that the subscription game isn’t as lucrative as people originally thought.

With that being said, that severance package isn’t bad at all

or they’re scared to go back to just 1:1 payouts