let me fix that for ya:
"We realized we don't need those specific 1500 jobs/workers."
"Joe Rogan is the most popular podcaster."
If cutting those 1500 jobs would put Spotify in serious harm (i.e. devs, licensing, IT security), they wouldn't let any of them go. But they do. So they are either very foolish OR they know something(s) we don't.
They were foolish/fickle/myopic/selfish to hire them in the first place. Companies have treated beneficial market conditions as an opportunity to make a land-grab for employees without a plan for how to afford them just a couple of years later - after the employee has organised their life and their family's life around the expectation that they were more than a temporary contractor.
If an individual took advantage of cheap credit to buy a car & flogged it while being underwater on the loan shortly after, we'd rightly judge it as a financial mistake. When a CEO does it with people's livelihoods and social circles at stake, it's applauded.
HenryBemis|2 years ago
If cutting those 1500 jobs would put Spotify in serious harm (i.e. devs, licensing, IT security), they wouldn't let any of them go. But they do. So they are either very foolish OR they know something(s) we don't.
offices|2 years ago
If an individual took advantage of cheap credit to buy a car & flogged it while being underwater on the loan shortly after, we'd rightly judge it as a financial mistake. When a CEO does it with people's livelihoods and social circles at stake, it's applauded.