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Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
Also clearly the buyers of these shares think it was right decision. As otherwise they would not be buying at this price.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
Also clearly the buyers of these shares think it was right decision. As otherwise they would not be buying at this price.
Of course he does. Now why would anyone want to work for these guys at Spotify (should they ever hire again)?
A bit like in communism where people could only work in large enterprises while small business owners have been wiped out.
Instead we should have hundreds of Spotify alternatives each focused on varying genres. Competition would solve not just working conditions but also artist pay and end user pricing.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
Its the C-suite management that makes all the decisions and reaps all the rewards, but when they make mistakes, they don't fire themselves, they fire employees, many who had no control of the strategic mis-steps of their leadership.
Sometimes the C-suite needs to be fired.
Isn't this considered insider trading? You'd think there should be a blackout period around any kind of layoff, similar to how they do with earnings.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
Why do so many tech executives seem to make the actual worst decisions possible when it comes to symbolic leadership?
Why bother when they'll even be defended like in this very thread?
It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource.
If you think these things aren’t fair or suck, then you should try to move out of the leet coder path and get on the capital owner or business operator side.
Sorry but it’s kind of annoying to see people making 200k plus not get this.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
Layoffs can be devastating to the people that were terminated; a job loss is one of the higher stress events one can experience. If you take into account the larger impact than "shareholder value" then dumping stock to capture value is an abdication of responsibility on the CEO for over -hiring, and has terrible optics of financial gain right when a number of employees took it on the chin.