this post was submitted on 04 Dec 2023
489 points (97.1% liked)

Technology

59656 readers
3192 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
489
Spotify to axe 1,500 workers to save costs (www.bbc.com)
submitted 11 months ago by otter@lemmy.ca to c/technology@lemmy.world
129 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 31337@sh.itjust.works 10 points 11 months ago

I know people who support this philosophy (business owners and investors, of course), framing it as getting rid of the lowest performers. They think 10% yearly turnover is healthy. Morale is so low at the businesses they run they usually don't have to lay off. It's probably more like they lose their top 10% yearly.