GigglyNarwhal
GigglyNarwhal

Am I the only one who found Spotify CEO's response to layoffs horsesh*t

I mean I get where he's coming from. I have seen those day in the life of a ___ videos and always wondered what work do these people even do? But isn't he also responsible for over hiring? That too for an industry that works on thin margins.

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ZestyQuokka
ZestyQuokka
Hinge18mo

Dekho, he is making more money than all of us. He'll say whatever and we will listen

GroovyBoba
GroovyBoba

The rich can do whatever the f they want and get away with it

GigglyNarwhal
GigglyNarwhal

Nah bro, search what happened to John mcAfee and Jeffrey Epstein.

BouncyDumpling
BouncyDumpling

To an extent yes. The CEO is responsible for the layoffs and taking on more hiring. But in bull market, pretty much everyone overhired. It would most likely be more difficult to not over hire when everyone around you is scaling up people, tech, etc.
Apple is the only exception I have found. Back in India, many startups have also gone through multiple firings except for a very few.

GoofyWaffle
GoofyWaffle

Hmm so he cut off useless execs?

GigglyNarwhal
GigglyNarwhal

Well it was around 15% of the total workforce so I guess execs were let fo off as well

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Curated from across
Layoffs
by SillyMochiLawyer

Spotify layoff - 17% workforce

Spotify is late to the party, but they are letting go 17% which is huge compared to others in one go. be careful with similar type of industry. pocket fm, Kuku fm perhaps?

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user

17% is huge, especially this late in the doom cycle It feels like Spotify must be losing market share heavily agai...

user

17% getting their Spotify Wrapped email

user

2024 is likely to be a very slow year.