Classic that once wrapped is out to everyone they fire a huge amount of there workforce just a few weeks before Christmas. Shows why the streaming model is a sham.
Spotify axes 17% of workforce in third round of layoffs this year
Submitted 11 months ago by return2ozma@lemmy.world to technology@lemmy.world
https://apnews.com/article/spotify-layoffs-music-streaming-890ac173ccfb7097a5fab9bcd0d34870
Comments
RoxActually@lemmy.world 11 months ago
Kraven_the_Hunter@lemmy.dbzer0.com 11 months ago
I know the sentiment that you are conveying, and I understand each of the words in your comment individually, but I honestly have no idea what you’re saying here.
Gamers_Mate@kbin.social 11 months ago
I think Wrapped is like youtube rewind for spotify.They are talking about how the layoffs happened just after they finished working on that?
LifeInOregon@lemmy.world 11 months ago
This is how I understood the comment:
Wrapped gets Spotify a lot of positive buzz. Layoffs while that buzz happens may get less notice, because people are on the “look at all the neat Spotify numbers” train and essentially advertising good vibes for the platform.
Geth@lemmy.dbzer0.com 11 months ago
Something that I don’t quite understand about Spotify is why they had the amount of employees that they did in the first place. What were 9000 people doing for work on a music playing and recommendation website. I know they used to be highly innovative and disruptive a long time ago, but has that been the case in recent years? How were 9k people contributing to this already established web music app?
scytale@lemm.ee 11 months ago
I don’t know how many in that 9000 are actual developers, but you also have to take into account the non-technical corporate employees (accounting, legal, marketing, support, curators, HR, etc.). They also have offices in different countries that most likely have some sort of corporate structure (all of the above roles, just on a smaller scale).
Glowstick@lemmy.world 11 months ago
Even if only half of those employees were working on the actual product and product-adjacent roles, it still seems hard to come up with 4500 jobs. In fact I think the number of employees might be what led to a bunch of their missteps over the past many years. Like the multiple interface redesigns that no one asked for and actively disliked.
Knusper@feddit.de 11 months ago
Yeah, I could imagine their legal department actually making up a sizeable chunk, with how much the music industry loves to sue.
Geth@lemmy.dbzer0.com 11 months ago
Let’s imagine we have massive departments for each one of those, like 300 people average for each of your example areas. For me it’s insane just thinking about it considering what the product actually is. I’m still left with 7200 people unaccounted for.
redditReallySucks@lemmy.dbzer0.com 11 months ago
I dont get it either. The only explanation to this is that they had humans create spotify wrapped
psmgx@lemmy.world 11 months ago
Mark my words, a Disney style price raise is in the cards, probably before summer 2024
anewbeginning@lemmy.world 11 months ago
At this point Spotify offers less than competitors with Spotify hi-fi being a bunch of bullshit. I only subscribe to spotify when they offer me 3 months for the price of one.
Gamers_Mate@kbin.social 11 months ago
What competitors do you recommend?
I use soundcloud and have used Bandcamp but Bandcamp got sold to Epic.
I have also heard of Faircamp which looks promising.
Sheeple@lemmy.world 11 months ago
They can’t exactly afford to go higher than the round 10 we have a month. It will cost them a lot of customers just from the sheer inconvenience caused by the change in gift cards.
99% of people ain’t gonna use online banking for Spotify and instead use gift cards which happen to sit at a very convenient price. Usually laziness makes it easier for streaming services, but in this case laziness makes it harder.
WHYAREWEALLCAPS@kbin.social 11 months ago
Given the recent successes of other streaming platforms integrating ads into previously ad free levels, I think you're right.
pycorax@lemmy.world 11 months ago
A higher price I can stand but ads in a paid service? If they do that, I don’t see any reason why I wouldn’t just use ublock origin with Spotify on the web or a modded APK instead.
Archer@lemmy.world 11 months ago
So glad I left when they paid Joe Rogan money
ohitsbreadley@discuss.tchncs.de 11 months ago
I’m sorry, they did what? Out of the loop on this one, but that guy is fucking brain cancer
billiam0202@lemmy.world 11 months ago
Spotify paid him to be the exclusive distributor for his “first stop on the alt-right train” podcast. Rumored to have been $200 million.
aluminium@lemmy.world 11 months ago
I went back to good ol MP3 files about a year ago in an effort to lower montly subscriptions and the tiktokification of spotify was a big reason why.
knatschus@discuss.tchncs.de 11 months ago
Radiolemmy.com is also a nice alternative to find music you didn’t know about, the rotation just needs to grow
randomivysaur@lemm.ee 11 months ago
Not only the rotation, we need more presenters (every single one, including myself has been busy) to air on the station too, because honestly those sessions are peak Radio Lemmy. (please come back psythik we can’t let radio lemmy die)
necromancyr@lemmy.world 11 months ago
I always have. Major issue I have now is it’s a PITA to play a local library on networked speakers (Echo, specifically) w/out voice interaction being the sole means of use. I just want a tablet with a nice interface to allow me to play music on various Echo’s and speaker sets.
mosiacmango@lemm.ee 11 months ago
Jellyfin/plex/Navidone as a backend, synfonium as the app.
I dont use echo, but it has casting and upnp support so it should work with echo.
lemmyingly@lemm.ee 11 months ago
What do you mean with ‘tiktokification of Spotify’?
I stopped using Spotify at least a few years ago because they started serving adverts to paying customers - so I’m out of the loop.
x2XS2L0U@feddit.de 11 months ago
Same shit, different corporation. They established sort of a monopoly by lower prices and venture capital. Now they start to collect large amounts of money und go down.
autotldr@lemmings.world [bot] 11 months ago
This is the best summary I could come up with:
LONDON (AP) — Spotify says it’s axing 17% of its global workforce, the music streaming service’s third round of layoffs this year as it moves to slash costs while focusing on becoming profitable.
In a message to employees posted on the company’s blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” The post didn’t specify how many employees would lose their jobs, but a spokesperson confirmed that it amounts to about 1,500 people.
Spotify had used cheap financing to expand the business and “invested significantly” in employees, content and marketing in 2020 and 2021, the blog post said.
But Ek indicated that the company was caught out as central banks started hiking interest rates last year, which can slow economic growth.
Ek said the “leaner structure” of the company will ensure “Spotify’s continued profitability.”
Tech companies like Amazon, Google, Microsoft, Meta and IBM have announced hundreds of thousands of job cuts this year.
The original article contains 251 words, the summary contains 161 words. Saved 36%. I’m a bot and I’m open source!
Modva@lemmy.world 11 months ago
Merry Christmas to all those families!
Yes, we had record profits but our CEO has the job of raising the share price so that investors can buy and sell higher, so we have to find more profits somewhere.
You understand.
wagoner@infosec.pub 11 months ago
I did notice that the CEO who decided to pay a single podcaster 200 million dollars never got laid off. Same guy whose big expensive bet on several other exclusive podcast deals failed spectacularly.