https://www.wsj.com/articles/spotify-to-cut-6-of-its-staff-11674477162
they don’t own the content will constantly get squeeze by the record companies
Not even. This is pandering to shareholders. The stock price surged 4.5% in pre-market this morning. I highly doubt this has anything to do with record companies.
I swear all these copycats just want to be cool
Meta and Twitter are the OGs. Full respect. But what is Tim Cook doing at Meta? Couldn’t work with the reduced TC at Apple for even a week?
What’s the severance package like?
5 free plays
"Spotify Technology SA is laying off 6% of its employees as part of broader cost-cutting measures after the streaming company went on a spending spree during the pandemic. The company’s move is the latest in a wave of technology layoffs, as the industry recalibrates after growing rapidly at the start of the pandemic. Tech companies big and small are grappling with economic turbulence after swelling their head counts over the past few years. Now, many are cutting some of their recent additions and abandoning long-shot projects."
My friend just joined. Do you think this is trimming the high TC fat, newly joined, or org dependent.
Good. Need to lay off 200,000 more people in tech. Too many coasters.
Paywall
https://12ft.io/proxy?&q=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fspotify-to-cut-6-of-its-staff-11674477162 Just prepend 12ft.io/<paywall link here> to get rid of paywall
Doesn’t work!