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Spotify reducing employee base by about 6%

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Re: Spotify reducing employee base by about 6%

#481
post #462

Earlier quoted context omitted.

No they don't, because you never know if you're next. I have a bunch of friends at Google (you know, one of the richest companies on the planet and 94% 'survived' another day). Many are scared. You don't know if there'll be another round and if you're in it. People aren't now magically more productive because they survived and their peers didn't.

The layoffs were literally two business days ago..

and?

They're calling for the next one already.

https://www.telegraph.co.uk/business/2023/01/23/google-staff...

Re: Spotify reducing employee base by about 6%

#482

Earlier quoted context omitted.

Layoffs result in a 30% increase in staff turnover. As markets tend to be more challenging, it can take some months before people actually leave. This can have a knock on effect, especially if senior and respected staff leave.

Where will the senior and respected staff go? To other companies where they won’t be senior and respected

I don't work for titles, I work for money.

Re: Spotify reducing employee base by about 6%

#483
post #451

Earlier quoted context omitted.

It is a tech company but it is owned by specialized, skilled workers. It is a guild because tech workers are professional artisans. Guilds are an organization of skilled professionals which have quality certification for work, often times integrated with legal frameworks in a government. Software needs to be elevated, credentialed, regulated, and more respected. This is what a guild would enable. But I think merging…

I'll agree with you that I like the GPL License (I think you meant that, when you mentioned GNU) more than the MIT. I think we, at least broadly, agree on the definitions of Guild, Union, and Company. You haven't convinced me that this is a thing desirable or plausible. You keep mentioning benefits that I feel I already have. You haven't convinced me that the technical output would be better than the current system.…

The issue isn’t for people who are already proven within the system. The system compensates competent, compliant actors very well (although not at the level they deserve, far in excess of the norm).

The issue I am thinking about and solving for is the fact that I believe there are thousands, tens of thousands, hundreds of thousands, maybe even millions of Einstein-level intellects who are completely unknown, under-utilized, and lost in the current system.

With the resources (including intellectual resources), we are far in excess of what is necessary to be a multiplanetary species. Yet here we all stand, upon our home planet, with minimal access to space except for a small exceptional few. It is a gross failing to be destroying this world with industrialization while there exists dead worlds with bountiful resources.

And that is the beginning of the problems. The current structure pays even top-level tech workers a pittance compared to the ruling class, and that ruling class has no vision for the future of humanity beyond their own wealth and prosperity. They are driving our kind and our world straight off a cliff to oblivion while utilizing the planetary resources for their own vapid pleasure and security.

Perhaps, if you cannot see why I say this, you may consider walking a mile in the shoes of common people. This planet is in need of a competent technical class with a collective mission of uplifting, enriching, and enlightening with technology. The technical class are the true leaders / managers of resources, and within it exist the means to maximize beneficial traits while minimizing destructive traits.

In any case, these are just words. I just hope that when paths open up, we all can recognize it and travel it.

Re: Spotify reducing employee base by about 6%

#484

Earlier quoted context omitted.

Recruiters have reached out to you from two different companies. Company A and Company B are both offering compensation greater than you're currently making (which is almost always true for most workers), and you ask questions about the viability of the company (hugely profitable) and the job (very much needed). On what basis are you to know that despite being hugely profitable, Company A is going to get rid of 28,00…

> Company A is going to get rid of 28,000 employees, while Company B is instead going to cut CEO compensation by 40%? How can you be sure whether you're joining Alphabet or Apple? As a recently ex-alphabet employee: apple never went on a hiring spree. They had restraint the last few years, with a significantly smaller workforce, and the result is (hopefully) no layoffs. Fast money moves quickly and it might move away…

I'm sorry for you losing your job, since it sounds like it wasn't voluntary.

I understand why Apple hasn't done mass layoffs, but I'm still stuck on how you know that during the recruiting process. If Apple tries to hire you in January 2020, how do you know they are going to be more circumspect about hiring over the next three years? Apple hired a large number of people during the last three years, just as Google did. NOW we know it was a MUCH SMALLER "large number of people," but it was still quite a few. If you're talking to recruiters from each, how do you know?

I don't blame anyone for taking a job with Amazon, Google, or Facebook. I mean, I wouldn't personally work for any of the three for my own reasons, but I don't think it's fair to blame people taking jobs there for their own layoffs.

Re: Spotify reducing employee base by about 6%

#485

I get needing to keep a company lean and that businesses operate to make money... But most of these recent layoffs really make me feel uneasy. Spotify is a little different because AFAIK they are still operating at a negative net income, but still let's take a look at this. They're going to let go 600 people.. that's maybe an annual 90 million in savings (150k salary). The company's revenue is about 9 billion with -3…

There's another side too. If those fired were overpaid underperformers, there can be an improvement in morale for those who weren't fired.

Re: Spotify reducing employee base by about 6%

#486
post #478

Earlier quoted context omitted.

Those CEOs knew what they were doing and what they're doing isn't wrong. Our entire economy is built on short term gain and rewards that. CEOs are worried about their quarterly numbers and are doing layoffs to lessen the blow.

Sure, but then one questions the need of these extremely-well renumerated CEOs. If they are guided purely by quarterly numbers, stock market trends and industry groupthink, then why not save a fortune and replace them wholesale with an AI.

Never said purely. In any case, it's a proxy. When they're presented an easy win, they're going to take it. Most of these cuts are happening in unprofitable business areas. Before with cheap cash and a strong economy, it made sense to keep these people on. The market valued investment. Now it no longer does - now profit matters, and that means cutting costs.

There's not a single person on here who wouldn't be making these decisions right now. You don't call a person who decides to cut their grocery bill dumb and influenced by group think. It's time to save money, and the overall economy recognizes this.

Re: Spotify reducing employee base by about 6%

#487

I get needing to keep a company lean and that businesses operate to make money... But most of these recent layoffs really make me feel uneasy. Spotify is a little different because AFAIK they are still operating at a negative net income, but still let's take a look at this. They're going to let go 600 people.. that's maybe an annual 90 million in savings (150k salary). The company's revenue is about 9 billion with -3…

There’s also a micro-environment at play. Those 600 former employees likely worked across a bunch of different orgs for different product and management lines.

At that level, it probably represents some groups losing 25, 50 or even 100% of their team members.

So that 600 might not be consequential at the business level, but was probably devastating at the team level.

Re: Spotify reducing employee base by about 6%

#488
post #50

Earlier quoted context omitted.

In the tech sector, "taking responsibility" means admitting your decisions led to the situation yet you'll externalize the consequences to employees. In other words, it means nothing. Taking actual responsibility could include stepping down, canceling bonuses, reduced compensation for leadership. It could include steps to become better at forecasting rather than randomly guessing. It could include ironing the busines…

I'm sure you took responsibility for your bad stock markets returns in 2022 by saying you'll never make investment decision ever again and hand everything to your partner, right?

I've never in my life owned a single stock, nor has my partner.

Re: Spotify reducing employee base by about 6%

#489
post #119

Earlier quoted context omitted.

Not even episode syncing works (for me). I clearly finished watching an episode yet regularly on another device the next episode would be the one I already watched. Just one of many basic things that doesn't work. I forgot to add that not only will they change "currently playing" every 3 secs, also the cover art of each series changes, as an A/B test. So if you use that as a visual confirmation, well tough luck. In t…

Agree about the syncing - its not just you. I click on "Continue Watching" for a TV series that I have been watching - only to realize about a minute or so into it that I had already seen the episode the previous day. This has happened to me so many times that I would have wasted close to an hour just moving back and forth between episodes.

Exact same experience here. I even let episodes roll past the credits to the absolute end. And it still doesn't work.

Re: Spotify reducing employee base by about 6%

#490
post #404
post #31

Earlier quoted context omitted.

"How can such a simple concept (listen to music) get so many basics so wrong and have such glaring bugs?" Spotify internally has a model where they have a large number of small teams where each is responsible for only a tiny part of the experience. Possibly this leads to a lack of a coherent experience. The other factor may be the constant experimentation. Frankly, 20-30 year old media players were better. So what th…

> Spotify internally has a model where they have a large number of small teams where each is responsible for only a tiny part of the experience. Possibly this leads to a lack of a coherent experience. Which is particularly surprising since they have multiple teams of highly compensated product people who are supposed to be guiding the overall product direction and preventing just that kind of incoherence.

Yes, I forgot to mention that. They have cross cutting orgs too. Which means they reinvented the matrix organization which is the worst of all organizations.
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