Chitchat Spotify to Leetrench 17% of Employees in 2nd Layoff

[Pinkieslut]

Spotify to reduce staff by 17% in second layoff this year​

AFP
The Spotify company logo is displayed as traders work on the floor of the New York Stock Exchange during morning trading on Feb 1, 2023 in New York City.

Published December 4, 2023
Updated December 4, 2023
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STOCKHOLM — Spotify will reduce its total headcount by around 17 per cent across the company, it said in an email on Monday (Dec 4), after laying off 6 per cent of this staff in January citing higher costs.
In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

Chief executive officer Daniel Ek told Reuters at that time the company was still focusing on efficiencies to get more out of each dollar.
On Monday, he said a reduction of this size will feel surprisingly large given the recent positive earnings report and its performance.
"We debated making smaller reductions throughout 2024 and 2025," Mr Ek said in a mail to employees.

"Yet, considering the gap between our financial goal state and our current operational costs, I decided that a substantial action to rightsize our costs was the best option to accomplish our objectives." REUTERS

 

[Eisenhut]

Go ceca go !!! Go ceca go!!

 

[blackmondy]

Good riddance. Why the fuck would I want to pay for streaming music when I can have them offline in my phone ?

 

[creampie]

Where is that picture of goh chock tong saying if no retrenchment then I worry?

 

[ChinaCommunistSG]

Spotify is the same as grab, both companies never make any full year profit since incorporated

 

[blackmondy]

Spotify is the same as grab, both companies never make any full year profit since incorporated

YouTube also the same.

 

[nabeifuckpap]

Lol Spotify singapore last year got opening contract position, applied during video interview still coughing just recovered from Covid, next day send rejection email

 

[Psycho]

Lol Spotify singapore last year got opening contract position, applied during video interview still coughing just recovered from Covid, next day send rejection email

open only for CECA(s), all Sinkies can f*& off.

 

[Scrooball (clone)]

Goh Chok Tong must be very relieved then. The fucking bastard now got his karma. Son is going to enjoy free Changi chalet stay soon.

 

[ChinaCommunistSG]

Goh Chok Tong must be very relieved then. The fucking bastard now got his karma. Son is going to enjoy free Changi chalet stay soon.

Goh Chok Tong son indeed is very special and talented cause he stayed in Singapore Istana when his father was Prime Minister and soon he will upgrade to Singapore Changi Palace

 

[laksaboy]

Spotify is a stupid way to 'enjoy' music that is loved by the low IQ millennials and Gen Z mouthbreathers.

You cannot discover certain music on the platform unless the singer or label has paid 'protection money' to Spotify. Hence you hear those imbeciles moan about 'Why cannot find this song on Spotify' etc.

And sometimes the music or singer gets cancelled on Spotify because of political wrongthink, that's passive-aggressive censorship.

Finally, Spotify might be burning a lot of money by sponsoring FC Barcelona.

https://newsroom.spotify.com/spotify-x-fc-barcelona/

 

[steffychun]

Nigger supporter since they let that bitch Meghan have a podcast.

 

[congo9]

Where are the other platform to listen to other music ?

 

[nabeifuckpap]

Where are the other platform to listen to other music ?

YouTube

 

[syed putra]

Goh Chok Tong son indeed is very special and talented cause he stayed in Singapore Istana when his father was Prime Minister and soon he will upgrade to Singapore Changi Palace

Once you have a taste of opulence and free lunch, it's very difficult to go without it.

 

[sbfuncle]

What a stupid company to work for.
Be smarter to know it before they realise and retrench you.
No doubt is a well known name. A wiser person will know is a empty shell.