Otter@lemmy.ca to Technology@lemmy.worldEnglish · 1 year agoSpotify to axe 1,500 workers to save costswww.bbc.comexternal-linkmessage-square88fedilinkarrow-up1405arrow-down114
arrow-up1391arrow-down1external-linkSpotify to axe 1,500 workers to save costswww.bbc.comOtter@lemmy.ca to Technology@lemmy.worldEnglish · 1 year agomessage-square88fedilink
minus-squareModva@lemmy.worldlinkfedilinkEnglisharrow-up132·1 year agoJust as they announced their profitable quarter. This isn’t to “Save costs”. It’s to further boost profits at any measure, which is what publically traded companies want. Happy investors.
minus-squareMarin_Rider@aussie.zonelinkfedilinkEnglisharrow-up19arrow-down1·1 year agoprofit has been tasted, now unfettered greed takes over
minus-squareBossDj@lemm.eelinkfedilinkEnglisharrow-up4·1 year agoDo they rehire after the investors meeting?
minus-squareEnderMB@lemmy.worldlinkfedilinkEnglisharrow-up3·1 year agoRarely. They’ll hire for some teams, but the roles were eliminated to directly reduce their headcount. Companies want a revolving door of talent, but they also want fewer people…
Just as they announced their profitable quarter.
This isn’t to “Save costs”. It’s to further boost profits at any measure, which is what publically traded companies want. Happy investors.
profit has been tasted, now unfettered greed takes over
Do they rehire after the investors meeting?
Rarely. They’ll hire for some teams, but the roles were eliminated to directly reduce their headcount.
Companies want a revolving door of talent, but they also want fewer people…