A techie has said that he is "unemployed before the holidays again", as he has been laid off by music streaming giant Spotify in its latest job cuts just a year after he had quit 'X' ‘Unemployed Before Holidays Again’: Techie Who Quit Twitter Last Year Now Laid Off by Spotify As Music Streaming Giant Announces To Cut 1,500 Employees in Third Layoffs.
Spotify CEO Daniel Ek said the company hired more in 2020 and 2021 due to the lower cost of capital and while its output has increased, much of it was linked to having more resources
Under Severance pay, the company will start with a baseline for all employees, with the average employee receiving approximately five months of severance. This will be calculated based on local notice period requirements and employee tenure. 📲 Spotify Layoffs: Music Streaming Platform Announces To Cut 17% Jobs in Third Round of Layoffs in 2023.