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They could easily pay those workers by terminating the contract with Rogan
Uh… Ok… Wow. So you understand how businesses work?
You can be pissed off but he is still the number 1 listed/watched podcast in the world. It brings in subscribers.
Fuck Joe Rogan
I agree. Doesn’t charge reality. Man it’s hard for people to accept Rogan prints money and the comment made no sense.
What comment?
They could easily pay those workers by terminating the contract with Rogan
No. Rogan brings in subs. He sells ads. He is the most popular podcast on the planet. He makes them money, Spotify isn’t a Joe Rogan charity.
Just as they announced their profitable quarter.
This isn’t to “Save costs”. It’s to further boost profits at any measure, which is what publically traded companies want. Happy investors.
How do they have this many employees and an absolutely trash android app?
A lot of these “auto-pilot” apps have thousands of people employed, I don’t get it. Like, what is there to work on once you have things working pretty well? If anything they just start ruining the product over time…
Well, they have to make new, broken terrible features and then come fix them when people complain by basically putting it back to how it was.
Haha still, does that really require 9,000 people to do? Surely you can half-ass some new features with like a few hundred people?
My guess is for every 1 developer there’s 10 or more non technical administrative jobs. Most tech companies are grossly fat worth useless non productive employees that do very menial bureaucratic work. Think Office Space, but less neck ties.
If the workers of Spotify had been unionized then the CEO Daniel Ek wouldn’t have been able to fire 1500 people by sending them an email.
Didn’t they also slash how much they pay artists? What exactly is the point of Spotify?
The point is to make as much profit as possible without losing too many subscribers. This includes cutting expenses both internally and externally
Wow essentially like any other company
It’s not like they’re firing 1500 to survive
No it’s min-maxing
Short term profit
The change exclude payouts that are under 1 cent or something like that. The news got hijacked by click and rage baiters like this title by the Guardian (which I won’t link):
Spotify made £56m profit, but has decided not to pay smaller artists
The smaller artists would literally get single digit cents! The Spotify hate is getting astroturfed hard it almost seems.
You say that like it’s a defense though.
Yeah they’re paying the people who make the product we sell so little that they don’t even get enough money in a paycheck to have it be worth sending them a paycheck!!
The first quarter they are profitable ever: AXE THEM!
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Maybe they could try not paying a fascist $200 million for his podcast. That would save some money right there.
Only if his podcast has fewer subscribers than generate $200M revenue
Because of interest rates hikes, companies like Spotify have to focuses on more trivial matters like being profitable. 17% lay off seems like a lot. I wonder if they will go bankrupt?
This is all your fault, you goddamn white noise listeners!
Unfortunate to see.
And then Spotify will be €50 a month because costs.
I’ve been in tech for a while, I can’t tell how much of this is due to over hiring and over paying for work during that crazy time 2 years ago. I had lots of friends bounce to hire paying jobs and a lot of folks were just trying to gobble up talent. A lot of those places doing that seemed to be having big lay offs in the years following. I think there was a lot of optimism back the about the market, and it seems like course correction and pessimistic outlooks at play.
On top of that, moneys tight right now. Saw 3 months of spotify premium dangled for 10 bucks like a week or two ago and it just seemed desperate to me. Still haven’t come back tho, broke, and I feel for these employees.
Jack Stratton still has the best take on Spotify
