Spotify axes 17% of workforce in third round of layoffs this year

return2ozma@lemmy.world to Technology@lemmy.world – 329 points –
Spotify axes 17% of workforce in third round of layoffs this year
apnews.com
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Merry Christmas to all those families!

Yes, we had record profits but our CEO has the job of raising the share price so that investors can buy and sell higher, so we have to find more profits somewhere.

You understand.

I did notice that the CEO who decided to pay a single podcaster 200 million dollars never got laid off. Same guy whose big expensive bet on several other exclusive podcast deals failed spectacularly.

Well yeah, how else is he going to be able to afford his 9th yacht? Come on, be reasonable now.