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The Ugly Truth About Spotify Is Finally Revealed
(www.honest-broker.com)
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this post was submitted on 24 Dec 2024
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Technology
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They laid off 10% of their workforce last year, and like 20% of the remaining work force late this year with cuts to engineering expected. It is not in a healthy place, seemingly, and they cover a very small slither of the market.
Edit: Couldn't find the exact article I had read before but this one seems well formatted. https://www.headphonesty.com/2024/12/tidal-bets-future-artists-djs/
It doesn't help that their parent company makes so little from them compared to a series of crypto ventures, but what can really compare to that.
Boy, that's a bummer. Thanks for the information, I've missed that.