Spotify’s not going for Pulitzers anymore
by Ariel Shapiro from The Verge - All Posts on (#6GXX0)
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The dust is still settling on Spotify's latest round of layoffs. On Monday, Spotify announced it was cutting 17 percent of its workforce, or approximately 1,500 employees, as a means of making the company even more efficient. This round of layoffs dwarfs the past two this year, with the company cutting about 600 employees in January and another 200 employees (mostly from podcasting) in June. Details are still coming out, but it appears the cuts are impacting people across the company, from product to content to advertising.
I realize that for many, a reduction of this size will feel surprisingly large given the recent positive...