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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.
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 on Monday laid off 17% of its workforce, leaving around 1,500 employees unemployed