uidev@lemmy.worldM to

Spotify@lemmy.worldEnglish · 11 months ago

Spotify to lay off 17% of employees

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cross-posted to:
truespotify@lemmit.online

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Spotify to lay off 17% of employees

uidev@lemmy.worldM to

Spotify@lemmy.worldEnglish · 11 months ago

3

cross-posted to:
truespotify@lemmit.online

Spotify jumps after saying it will cut 17% of workforce — read the full memo from CEO Daniel Ek

Spotify shares climbed roughly 10% Monday after the music streaming service said it would cut 17% of its workforce, or about 1,500 jobs.

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Squizzy@lemmy.world
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11 months ago
How big is their payroll that 17%cut increases the company’s value by 10%.
- shartedchocolate@lemmy.world
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  11 months ago
  Not very, they pay shit as far as big tech goes.