Instead of Great last few quarters, spotify is laying off 17%. So now even when company is making money, layoffs are on the card.
When was this announced?
This morning at 1am eastern. Affected employees found out over the next two hours via HR calendar invites
30 mins back. Daniel sent an email.
Are they doing great? Heard their decision to increase premium subscription costs backfired tremendously
I canceled mine after the increase...
Nah it didn’t have any impact in terms of subs
They need to layoff to keep making such $$ for the next few quarters
The mainstream news hasn’t caught this yet
I can confirm it. a total 17% of reduction across all countries. Invites are being sent out today and all cut will be finalized by end of Tuesday.
shit, sorry to hear. when yall find out if you get laid off? 8 amest?
They got Spotify wrapped. Sorry for the bad joke. Best of luck finding a new job!
😫
It's true
True. Approximately 1520 employees affected.
Source?
https://www.reuters.com/technology/spotify-reduce-staff-by-17-second-layoff-this-year-2023-12-04/