Spotify will reduce total headcount by approximately 17%
newsroom.spotify.com
Spotify will reduce total headcount by approximately 17%
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Re: Spotify will reduce total headcount by approximately 17%
#2All things considered, the note seems honest - lays out the facts and considerations. The severance package seems quite generous as well.
Re: Spotify will reduce total headcount by approximately 17%
#3They need a bigger cut. 17% will not have a big enough impact to its bottom line.
They need to have enough money to invest in other initiatives, as the business they are in is proven to be margin-thin.
Apple and Amazon will eventually eat Spotify given enough time, if they don't find a moat to be built
Re: Spotify will reduce total headcount by approximately 17%
#4They need a bigger cut. 17% will not have a big enough impact to its bottom line. They need to have enough money to invest in other initiatives, as the business they are in is proven to be margin-thin. Apple and Amazon will eventually eat Spotify given enough time, if they don't find a moat to be built
>They need a bigger cut. 17% will not have a big enough impact to its bottom line.
What's stopping them from bigger cuts? We've seen that big SW products can run on lean teams(whatsapp, post-Musk Twitter) and we know many large tech companies are overloaded with way more workers than they need to run(Google), just because they could overhire when money was free.
>Apple and Amazon will eventually eat Spotify given enough time, if they don't find a moat to be built
What prevents Google from doing the same? They already have a large customer base in Android users.
Re: Spotify will reduce total headcount by approximately 17%
#5They need a bigger cut. 17% will not have a big enough impact to its bottom line. They need to have enough money to invest in other initiatives, as the business they are in is proven to be margin-thin. Apple and Amazon will eventually eat Spotify given enough time, if they don't find a moat to be built
>They need a bigger cut. 17% will not have a big enough impact to its bottom line. What's stopping them from bigger cuts? We've seen that big SW products can run on lean teams(whatsapp, post-Musk Twitter) and we know many large tech companies are overloaded with way more workers than they need to run(Google), just because they could overhire when money was free. >Apple and Amazon will eventually eat Spotify given eno…
Google themselves? Given the popularity of the YouTube they should have won a decade ago, but they have not.
The inefficiency of Google always amazes me.
Re: Spotify will reduce total headcount by approximately 17%
#6All things considered, the note seems honest - lays out the facts and considerations. The severance package seems quite generous as well.
Written with a first-person active voice too, unlike many bureaucratic notes.
> I have made the difficult decision to reduce our total headcount by approximately 17% across the company.
Re: Spotify will reduce total headcount by approximately 17%
#7I wonder how those losing their jobs feel about Spotify's reported $200 million investment in Joe Rogan now.
Re: Spotify will reduce total headcount by approximately 17%
#8They need a bigger cut. 17% will not have a big enough impact to its bottom line. They need to have enough money to invest in other initiatives, as the business they are in is proven to be margin-thin. Apple and Amazon will eventually eat Spotify given enough time, if they don't find a moat to be built
> Apple and Amazon will eventually eat Spotify given enough time, if they don't find a moat to be built
I doubt it.
Apple is restricted to Apple devices. As for Amazon, the same argument could be made about Prime Video eating Netflix, and that never seemed to happen.
On top of that, as far as I know, Spotify is profitable.
Re: Spotify will reduce total headcount by approximately 17%
#9Earlier quoted context omitted.
>They need a bigger cut. 17% will not have a big enough impact to its bottom line. What's stopping them from bigger cuts? We've seen that big SW products can run on lean teams(whatsapp, post-Musk Twitter) and we know many large tech companies are overloaded with way more workers than they need to run(Google), just because they could overhire when money was free. >Apple and Amazon will eventually eat Spotify given eno…
Google themselves? Given the popularity of the YouTube they should have won a decade ago, but they have not. The inefficiency of Google always amazes me.
> The inefficiency of Google always amazes me.
It's the kind of people they attract. IBM types...
Re: Spotify will reduce total headcount by approximately 17%
#10Earlier quoted context omitted.
>They need a bigger cut. 17% will not have a big enough impact to its bottom line. What's stopping them from bigger cuts? We've seen that big SW products can run on lean teams(whatsapp, post-Musk Twitter) and we know many large tech companies are overloaded with way more workers than they need to run(Google), just because they could overhire when money was free. >Apple and Amazon will eventually eat Spotify given eno…
Google themselves? Given the popularity of the YouTube they should have won a decade ago, but they have not. The inefficiency of Google always amazes me.
>The inefficiency of Google always amazes me.
As long as they have the cheat code for unlimited free money(ads) they can be as inefficient as they want.