Comment on Spotify to axe 1,500 workers to save costs

Copernican@lemmy.world ⁨11⁩ ⁨months⁩ ago

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.

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