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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

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[–] Copernican@lemmy.world 5 points 11 months ago (1 children)

I've been in tech for a while, I can't tell how much of this is due to over hiring and over paying for work during that crazy time 2 years ago. I had lots of friends bounce to hire paying jobs and a lot of folks were just trying to gobble up talent. A lot of those places doing that seemed to be having big lay offs in the years following. I think there was a lot of optimism back the about the market, and it seems like course correction and pessimistic outlooks at play.

[–] Jessvj93@lemmy.world 2 points 11 months ago

On top of that, moneys tight right now. Saw 3 months of spotify premium dangled for 10 bucks like a week or two ago and it just seemed desperate to me. Still haven't come back tho, broke, and I feel for these employees.