Spotify is laying off 1,500 employees

04 December 2023
The CEO reveals his company invested a lot in 2020 and 2021; now has to work on efficiency.

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  • Lilian
  • 3cc
  • 04 Dec 2023

While the boast about record profits and subscriptions, they fire people...

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    • lol
    • 6mM
    • 04 Dec 2023

    justasmile, 04 Dec 2023Spotify < YT Music < YT Music on web browser with adb... moreyou know you can pay for it to be totally ad free? average broke ass person cant afford 5 bucks a month

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      • Anonymous
      • IwH
      • 04 Dec 2023

      ashrobb, 04 Dec 2023They barely pay anything to artists and still struggle to m... moreYou obviously don't understand how it works. Tell me who pays more to artists? First of all, it's not even the artists who get paid directly. It's the label who gets the money. Like 90% of artists don't own the rights the record label does. If you want to bitch about multi-millionaires not making enough money ... Then blame the label, not Spotify. Not only that, artists never have made their most money on sales of CDs, etc. They make far more money in merchandise and ticket sales. That's why they tour. And don't tell me Tidal. Because they never paid what they said they would and stopped the profit sharing to artists over 2 years ago. Artist making music get screwed by their own labels not streaming services. Not only that but they record it once as a master track and get paid for literally doing nothing after that. Tired of hearing about whinny fucking artists who think they deserve millions and millions. Ya they have a talent but are they doing it for money or love of music. Most of them would have gotten absolutely zero exposure in a record or CD store before streaming existence or were pirated and got nothing. Artist are no more talented than a nurse or welder or any random person with other talent than music. Not to mention people don't just stream the artist. They get exposed to artist they never would have without streaming and usually but other stuff from the artist.... Concert tickets tshirts merch ect. Tired of hearing the bullcrap that streaming doesn't pay them enough. They pay a crap load to the record companies. If the artist doesn't see it ist their own record companies fault.

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        • Anonymous
        • IwH
        • 04 Dec 2023

        JimmyTheGreatest, 04 Dec 2023"several million subscribers" If I may correct... moreThey have over 250 million subscribers.

          Unsurprisingly another case of massive growth during the pandemic becoming unstable.

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            • Anonymous
            • IwH
            • 04 Dec 2023

            Ravuh, 04 Dec 2023This company won't last long. Lots of streaking servic... moreDumbest comment of the day. They have 250 million subscribers lol. Lots of streaming devices and most are straight garbage. Been a Spotify user for 12 years. Won't last long? Lol. Hilarious bro. I won't use anything else. There is no service as good as Spotify for music recommendations and layout ect.

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              • Ravuh
              • at7
              • 04 Dec 2023

              This company won't last long. Lots of streaking services offer more.

                Oki, 04 Dec 2023There are modded apks for spotify as well if you're al... moreJust like I said, you have to pay to publish your song on Spotify.

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                  • Anonymous
                  • 0BG
                  • 04 Dec 2023

                  What, 04 Dec 2023Yet people do not want to start there own businesses. Emplo... moreThey do want to, but the system these days doesn't allow or at least doesn't encourage them.

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                    • Oki
                    • swn
                    • 04 Dec 2023

                    justasmile, 04 Dec 2023Spotify < YT Music < YT Music on web browser with adb... moreThere are modded apks for spotify as well if you're already listing as revanced as one of the options

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                      • Oki
                      • swn
                      • 04 Dec 2023

                      I'm so glad I'm not using their service

                        Spotify < YT Music < YT Music on web browser with adblocker < YT music vanced

                        Imagine having to wait for an unskippable 6 minute long 'ad' just to listen to your favourite song and having to pay just to publish your song lmfao

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                          • Anonymous
                          • pu2
                          • 04 Dec 2023

                          dexterouz, 04 Dec 2023Unfortunate but understandable. Spotify has only one busine... moreLmao dont try to defend them. Clearly they are big enough to afford 1500 employees. 220 million paying customers... free customers get bombarded with ads... they have enough change to spare to sponsor big teams like Barcelona... yeah no, not 'understandable', unless it's because they need to please their shareholders with more profit.

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                            • Anonymous
                            • Tqc
                            • 04 Dec 2023

                            ashrobb, 04 Dec 2023They barely pay anything to artists and still struggle to m... moreMost of their expenses come from paying the rights to the big boys: Universal, Sony, etc.
                            Spotify's hands were tied the moment they cut a "deal" with them.

                            It's honestly incredibly amazing how Spotify hasn't gone bankrupt yet. All they have is a user base. If a lot of people suddenly move to other platforms one day, it's over.

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                              • Anonymous
                              • d%A
                              • 04 Dec 2023

                              Anonymous, 04 Dec 2023spotify lose to a joox...joox partnerahip with phone manufa... moreWtf is joox?

                                "more focused approach", yet there has been no major update for a few years...

                                  SpotifyPremium.apk to the rescue

                                  Seriously, if your whining about ads and free play (able to choose what song to play during a playlist), just download the apk. If your on iOS, maybe use the desktop build

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                                    • Anonymous
                                    • iJp
                                    • 04 Dec 2023

                                    Spotify Ceo will buy FC Arsenal. So you gonna start somewhere

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                                      • LiH
                                      • 04 Dec 2023

                                      In that case, will they lower prices or not increase for one or two years at least ? ;)

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                                        • DVSeal
                                        • mF2
                                        • 04 Dec 2023

                                        JimmyTheGreatest, 04 Dec 2023"several million subscribers" If I may correct... more"There are over 551 million Spotify users worldwide in total as of 2023, with approximately 220 million premium subscribers."

                                        So you get to advertise to 280 mil ppl and get subscription money from 220 mil ppl. I'd say that about covers it for a 'stable revenue'. What Spotify pays it's employees is pennies compared to what they make.
                                        It's just your regularly scheduled corporate bs. Stop eating it.

                                        "Ek pointed out this will allow Spotify to have a “more focused approach,” and the shift in manpower is not a step back but a “strategic reorientation”. - Translation "We gonna make half the people do double the job and not increase pay."