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Spotify firing 17% of staff, over 1,000 employees


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Posted

isnt Spotify only paying labels/musicians or song owners like cents per streams?

 

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Posted

If only Xtina catalogue brought more money :sad:

Posted

Didn't spotify just reported billions of profits last month? Tech companies is just so trashy and they're doing it right under their staff's nose. They fire people after their reach their bottom line and then redefine what is sufficient staff to make more for next year. They incrementally own the intellectual property built by the staff and then reduce that same staff.

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Posted

Capitalism is capitalizing again 

Cameltoe Chariot
Posted

Apple Music is far superior, but people just can't let go of posting their annual Spotify Wrapped data that no one else reads

 

:suburban:

 

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Posted
4 hours ago, Bentendo said:

Well, that’s probably not how those employees thought their year would be ~wrapped~

:redface::redface::redface:

Posted
37 minutes ago, Cameltoe Chariot said:

Apple Music is far superior, but people just can't let go of posting their annual Spotify Wrapped data that no one else reads

 

:suburban:

 

And the visuals get worse every year 

Why in the world was this year themed after sandwiches and MS paint?

 

:suburban:

  • Haha 1
Posted
5 hours ago, TaggedGalaxy said:

It happened because a lot of tech companies over hired during the pandemic

+ inflation 

Posted

damn tech companies have been laying off non-stop for the last 12 months.

Posted
4 minutes ago, Taylor fanboy said:

+ inflation 

+ money is no longer free... higher interest rates

Posted

Tech companies heavily investing on AI just to cut costs by laying off people.

 

Truly disgusting.

Posted

Spotify sucks, use AM!

Posted

i'll stick to Pandora. :clap3:

Posted

None of ya'll have any idea how business work :deadbanana2: Restructures are always happening and especially this year with inflation and now that the Covid era is over. Literally so many major corporations are doing the same thing currently. 

Posted
7 hours ago, Homebrand said:

None of ya'll have any idea how business work :deadbanana2: Restructures are always happening and especially this year with inflation and now that the Covid era is over. Literally so many major corporations are doing the same thing currently. 

Would somebody please think of the major corporations? :monkey:

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Posted (edited)
On 12/4/2023 at 7:37 PM, harwee said:

Didn't spotify just reported billions of profits last month? Tech companies is just so trashy and they're doing it right under their staff's nose. They fire people after their reach their bottom line and then redefine what is sufficient staff to make more for next year. They incrementally own the intellectual property built by the staff and then reduce that same staff.

They also pay artists disproportionally a smaller amount per stream than Apple Music does in the States. I am not buying  they don't make much of profit BS either.

Edited by Aristotle
Posted

if only they didnt spend $200 million on joe rogan

Posted
5 hours ago, AMIT said:

Would somebody please think of the major corporations? :monkey:

Where did I imply that?

Posted
26 minutes ago, Homebrand said:

Where did I imply that?

It's implied, it sounds like you're making up excuses for them. "It's just how business works!" has a very dark undertone when such is tied to people being able to pay their bills and buy food...

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Posted

As a consumer, I really couldn't care less. I just want to listen to music for the lowest price possible. If that means people I'll never meet will be left jobless then so be it.

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Posted
8 minutes ago, AMIT said:

It's implied, it sounds like you're making up excuses for them. "It's just how business works!" has a very dark undertone when such is tied to people being able to pay their bills and buy food...

It’s not. My implication is that Spotify is not the only company laying off staff.

 

If you read my op again all I was saying is this is the norm for business. Restructuring and having a profitable business model for shareholders and investors too will always be a thing that companies are constantly reviewing. 
 

I never said it was a “good thing” for those affected but its reality unfortunately. 

Posted
20 minutes ago, dumbsparce said:

As a consumer, I really couldn't care less. I just want to listen to music for the lowest price possible. If that means people I'll never meet will be left jobless then so be it.

Yikes, you're a terrible person. :biblio:

Posted (edited)
5 minutes ago, AMIT said:

Yikes, you're a terrible person. :biblio:

Are you 12? Will you be praying for them before you go to bed?

Edited by dumbsparce
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Posted
4 minutes ago, dumbsparce said:

Are you 12? Will you be praying for them before you go to bed?

No, I am a person with basic human empathy, while you are in here showing sociopathic tendencies on the internet thinking it makes you look edgy, but instead you just look like a loser. :coffee2:

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