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Spotify will reduce total headcount by approximately 17%

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Re: Spotify will reduce total headcount by approximately 17%

#91
post #5

Earlier quoted context omitted.

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.

About a decade ago they had Google Music. A friend of mine really liked it. He was supposed to have a for-life price of $7/month (or something) and then they raised prices and failed to grandfather his price in. Being Google, there was no way for him to complain about this to them, so he cancelled and used a product he liked less, out of spite. At some point they launched a duplicative product, YouTube Music, which t…

>He was supposed to have a for-life price of $7/month

At this point, consumers should know that "for life price" is a scam to get gullible customers through the door and gain market share or collect user data. Just like with a Ponzi scheme, consumers should realize by now why such pricing is not sustainable long term due to inflation and other costs, and either the business will crash or they'll have to inevitably backtrack on that promise and raise prices to stay afloat. You can't have your cake and eat it too.

No excusing Google of this scam, but they only did what every other company with these kind of hollow promises did.

I vividly remember Cerberus on Android was selling one time licenses for life, only for them to backtrack on that years later and switch everyone to their subscription instead, publishing a letter along the lines of "sorry, we know it sucks, but the lifetime licenses we sold you are unsustainable financially for us, so we'll switch you to subscription UwU."

Same with Google's unlimited Photo storage.

Re: Spotify will reduce total headcount by approximately 17%

#92
post #42

Earlier quoted context omitted.

Are “it was a stupid decision to buy him” and “I don't get why people listen to him” supposed to be related statements? The business decision isn’t about your personal feelings, it’s about his objectively measurably enormous audience

I want to see how they got the 200 million back and as they have to lay off 17% of there people it looks like a stupid decision in the end.

[deleted]

Re: Spotify will reduce total headcount by approximately 17%

#93
post #7

I wonder how those losing their jobs feel about Spotify's reported $200 million investment in Joe Rogan now.

Assuming that investing in Rogan did what Spotify hoped it would (driving enough subscriptions to make a profit), not having made the investment would have meant more layoffs now.

Re: Spotify will reduce total headcount by approximately 17%

#94
post #42

Earlier quoted context omitted.

Are “it was a stupid decision to buy him” and “I don't get why people listen to him” supposed to be related statements? The business decision isn’t about your personal feelings, it’s about his objectively measurably enormous audience

I want to see how they got the 200 million back and as they have to lay off 17% of there people it looks like a stupid decision in the end.

It's a ridiculous amount of money for that content.

But looking back at those days where all platform embraced a strategy to "own ALL content", I doubt that the 2nd-best offer was significantly less.

After all, they also paid him to NOT make any further money with the podcast on YouTube or other platforms...

Re: Spotify will reduce total headcount by approximately 17%

#95

Earlier quoted context omitted.

Joe Rogan brings in 10s millions of listeners. On the other hand it's not clear what value those employees who were let go brought. The software behind Spotify is pretty generic. Listening experience isn't much different between say Spotify,YouTube Music and Amazon Music. Software engineers might not want to hear it, but content is more important than software used to consume it. Book vs book's cover.

What revenue do these listeners bring?

Spotify makes money through ads for non-paying users and subscription fees from paying users. For non-paying users, time listened translates into ad impressions. New content also brings in new paid subscribers, as it makes subscription more valuable to the user allowing listening without ads.

Re: Spotify will reduce total headcount by approximately 17%

#96
The elephant in the room: Will Spotify survive the coming wave of generative AI audio content? Wasn't any mentioning on that in the letter.

Seems to me like they would need to ditch a lot of silly investments like original content, platform engineering on Kubernetes and scaled agile which together carry costs in the range of $100s millions, to free up resources to battle new disruptive technologies.

Re: Spotify will reduce total headcount by approximately 17%

#97
post #67

Earlier quoted context omitted.

Joe Rogan brings in 10s millions of listeners. On the other hand it's not clear what value those employees who were let go brought. The software behind Spotify is pretty generic. Listening experience isn't much different between say Spotify,YouTube Music and Amazon Music. Software engineers might not want to hear it, but content is more important than software used to consume it. Book vs book's cover.

A more suitable comparison would be between the book contents and the paper and fonts of the text. I don't know how much you would enjoy a book on bad paper and bad, barely legible text.

Yes, but printing book legibly is a solved problem. So all books in the bookstore are legible. Books are competing on content, not legibility.

Re: Spotify will reduce total headcount by approximately 17%

#98

I often wonder what kind of work actually happens at Spotify. Pretty much every major change to the software or api since I started using it has made the product worse. Breaking libspotify, pointless UI redesigns, obvious, user-facing bugs that go unfixed for years. Removing features like play queue for long periods. There's metadata errors and even audio corruption in some albums that I actually reported to them yea…

All the pointless redesigns was a pretty clear sign that they had excess engineering headcount.
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