Brutallyhonest
Spotify layoff - 17% workforce
Spotify is late to the party, but they are letting go 17% which is huge compared to others in one go. be careful with similar type of industry. pocket fm, Kuku fm perhaps?
11mo ago
AlphaGrindset
Series A Startup11mo
17% is huge, especially this late in the doom cycle
It feels like Spotify must be losing market share heavily against Apple Music, YT Music, etc.
The bundling of different subscriptions always wins over just separate standalone subscriptions
meets_expectations
Morgan Stanley11mo
People spend beyond their means for app subscriptions. Consumers in US don't have a lot if disposable to spare. wars between well established players has begun. I want to see how long Starbucks holds as its a completely unnecessary expense.
Randomization
Stealth11mo
For some Starbucks is a necessity.
I agree it's a very unnecessary expense, but people still wouldn't mind paying for it, especially if it has become a habit.
Tantra
Self Employed11mo
Everyone should be prepared to see layoffs across the tech industry due to application of AI. The most impacted function was bound to be human coders, as individual coders become 10x+ productive due to AI, and more so expected in future versions of GPT and Gemini.
Apart from layoffs which is harder to execute, expect to see new hirings in coding continue to decline. It might take some years to see the broad impact, but it'll happen because of huge reduction in operating costs.
NiceWork
Student11mo
Lol
punydrama
Stealth11mo
lol lol lol
notsure
Stealth11mo
17% getting their Spotify Wrapped email
BadMaiden42
Student11mo
😭😭😭😭 that's a violation bruh
meets_expectations
Morgan Stanley11mo
2024 is likely to be a very slow year.
Kafkaa
InMobi11mo
They aren't late. They have already done 2 round of layoffs this year AFAIK.
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