Earlier quoted context omitted.
Hasn't inflation gone down to ~3%?
Has it? Nothing in my life except gasoline has gotten any cheaper. Edit: I misread the comment. I am aware of the difference between rates and absolutes.
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Spotify will reduce total headcount by approximately 17%
291–300 of 1001 posts
Re: Spotify will reduce total headcount by approximately 17%
#292Earlier quoted context omitted.
Well how about thinking stakeholders first and shareholders second? Firing your employees because you are incompetent leadership and management without good foresight should result in letting you go. Why the high compensation for leadership when it doesn‘t know what it does? Braun didn‘t get the design leader in the past because they threw out their team, they got there because they kept the team together. The more y…
How much more money do you want Spotify to lose? https://www.macrotrends.net/stocks/charts/SPOT/spotify-techn... https://dqydj.com/stock-return-calculator/ https://dqydj.com/sp-500-return-calculator/ Shareholders have a 1.52% return since it went public, Apr 2018. A riskless investment in sp500 earned 11.7% since Apr 2018. How much more do you want shareholders to lose? They have been losing 10%+ per year for 5.5 yea…
I‘m no business major, I have no clue how to handle a company on a stock market. But the results I see is that leadership took steps that let into people loosing their jobs. Why are shareholders and management so important and employees at the branches are not? Everyone in that chain should be taken into account.
Re: Spotify will reduce total headcount by approximately 17%
#293Earlier quoted context omitted.
How much more money do you want Spotify to lose? https://www.macrotrends.net/stocks/charts/SPOT/spotify-techn... https://dqydj.com/stock-return-calculator/ https://dqydj.com/sp-500-return-calculator/ Shareholders have a 1.52% return since it went public, Apr 2018. A riskless investment in sp500 earned 11.7% since Apr 2018. How much more do you want shareholders to lose? They have been losing 10%+ per year for 5.5 yea…
I‘m no business major, I have no clue how to handle a company on a stock market. But the results I see is that leadership took steps that let into people loosing their jobs. Why are shareholders and management so important and employees at the branches are not? Everyone in that chain should be taken into account.
[deleted]
Re: Spotify will reduce total headcount by approximately 17%
#294Earlier quoted context omitted.
Hasn't inflation gone down to ~3%?
Has it? Nothing in my life except gasoline has gotten any cheaper. Edit: I misread the comment. I am aware of the difference between rates and absolutes.
That isn't what the inflation number means. An inflation rate of 0% means prices stop going up and stay at their current level, not that prices go down. Prices going down would be deflation, and that almost certainly won't happen.
Re: Spotify will reduce total headcount by approximately 17%
#295Re: Spotify will reduce total headcount by approximately 17%
#296Can someone explain to me why a company that is about streaming mp3s needs 9500 employees? That just sounds extremely inefficient to me. They don't even have native desktop apps.
More and more it seems they're an advertising company that also serves music and podcasts. I keep seeing sponsored recommendations and I'm a premium subscriber, for now.
Re: Spotify will reduce total headcount by approximately 17%
#297Earlier quoted context omitted.
How much more money do you want Spotify to lose? https://www.macrotrends.net/stocks/charts/SPOT/spotify-techn... https://dqydj.com/stock-return-calculator/ https://dqydj.com/sp-500-return-calculator/ Shareholders have a 1.52% return since it went public, Apr 2018. A riskless investment in sp500 earned 11.7% since Apr 2018. How much more do you want shareholders to lose? They have been losing 10%+ per year for 5.5 yea…
I‘m no business major, I have no clue how to handle a company on a stock market. But the results I see is that leadership took steps that let into people loosing their jobs. Why are shareholders and management so important and employees at the branches are not? Everyone in that chain should be taken into account.
Do you have a specific claim or question, or is this an emotional response anytime employees are let go?
I already showed you that shareholders have been losing money for 5.5 years (while employees were being paid).
Re: Spotify will reduce total headcount by approximately 17%
#298Re: Spotify will reduce total headcount by approximately 17%
#299Can someone explain to me why a company that is about streaming mp3s needs 9500 employees? That just sounds extremely inefficient to me. They don't even have native desktop apps.
Well, this is another version of the classic "I could build this in an weekend" trope. 9500 is probably excessive, but think of it just this way: 1. Spotify has a worldwide presence, apparently 184 markets; that probably entails a legal presence in many of those jurisdictions, sales, marketing, support, localization, etc.; at a conservative 2 persons per market, just that's going to generate about 400 jobs; now, most…
I like the way you broke thid down.
Re: Spotify will reduce total headcount by approximately 17%
#300Can someone explain to me why a company that is about streaming mp3s needs 9500 employees? That just sounds extremely inefficient to me. They don't even have native desktop apps.
I'm wondering what it is that they're doing all day. The spotify app randomly changes, and if so, rarely for the better. I'd wager spotify could benefit from X' style layoffs.
With “X’ style” meaning “handled in the worst possible way”?