this post was submitted on 05 Dec 2023
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Spotify axes 17% of workforce in third round of layoffs this year (apnews.com)
submitted 11 months ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[–] state_electrician@discuss.tchncs.de 1 points 11 months ago

Someone said Spotify reported 54 million in profit. For being the largest music streaming provider that is basically nothing. I suspect that they mirror the rest of the world, in that there's enough money, but they decide to give the vast majority to people who are already rich, like Joe Rogan or Taylor Swift.