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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'.Spotify on Monday laid off 17 per cent of its ...
In a message to the staff, Spotifys CEO Daniel Ek explained the job cuts as a measure to align the companys growth with capital costs.
This decision attracted further scrutiny, especially given the backdrop of Spotify's recent rare quarterly net profit of 65 million euros in October and its impressive 26% surge in active users, totalling 574 million for the third quarter.
Freddie Carthy had joined Spotify last year after resigning from his job at Twitter in the aftermath of Elon Musk’s takeover of the social media company. He has now been laid off by the music streaming giant.
Freddie Carthy joined Spotify just a year ago after leaving Twitter following Elon Musk's acquisition of the social media company.