Otter to [email protected]English • 2 years agoSpotify to axe 1,500 workers to save costswww.bbc.comexternal-linkmessage-square90fedilinkarrow-up1392cross-posted to: [email protected]
arrow-up1392external-linkSpotify to axe 1,500 workers to save costswww.bbc.comOtter to [email protected]English • 2 years agomessage-square90fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish120•2 years 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-square@[email protected]linkfedilinkEnglish3•2 years agoDo they rehire after the investors meeting?
minus-square@[email protected]linkfedilinkEnglish4•2 years 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…
minus-square@[email protected]linkfedilinkEnglish21•2 years agoprofit has been tasted, now unfettered greed takes over
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.
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…
profit has been tasted, now unfettered greed takes over