Perspective on the recent Spotify layoffs
This article provides an interesting political and economical perspective on the recent Spotify layoffs, along with other tech companies: https://www.wsws.org/en/articles/2023/12/12/yaea-d12.html #Spotify #Twilio #VMWare #layoffs #tech
A garbage company does garbage things. Not only does Spotify lay people off after delivering their flagship product, but they dramatically underpay the artists on the platform for the number of streams. Every tech company is using nasty RTO and stack ranking practices to negatively punish tech workers, and this isn’t the last we’ve seen of it. TC: 105K
They aren’t underpaying artists it just a broken business model. Naive to think that few ppl paying a few dollars can feed all the artists worldwide. Common pattern as Uber and Airbnb where they eventually became a worse deal than taxi and hotel.
Strange how that happened with airbnb, I literally stay at hotels now because of it. Way more security than someone's fuckin house....
This is a garbage news site
Lmao no one nobody takes socialists seriously, this article was written by an absolute moron 😂😂💀
'But what’s really weird about this move is that Spotify’s stock is up 130 percent over the last 12 months.'
Only if stock price movement determined head count :) Tempting but untrue
It won’t be sustainable tho. They just turned profitable but it’s tight. Artists aren’t happy with their pay and podcast didn’t pan out. If artists want more they have no choice but to raise prices. This reminds me of Uber and Airbnb becoming worse than its replacement at least for some time. Uber turned it around and hopefully Spotify can too given they are a better experience than the past.