Main Media English

Get Latest News, India News, World News at Main Media English

Support Us

‘Unemployed before holidays again’: Techie who quit Twitter last year now laid off by Spotify

IANS logo Reported By IANS |
Published On :

San Francisco, Dec 5 (IANS) A techie has said that he is “unemployed before the holidays again”, as he has been laid off by music streaming giant Spotify in its latest job cuts just a year after he had quit ‘X’.

Spotify on Monday laid off 17 per cent of its workforce, leaving around 1,500 employees unemployed just before the holiday season.

Also Read Story

Empty chairs, forced attendance allegations cast shadow on INDIA bloc’s Delhi rally

Nagaland’s sole LS seat to witness triangular contest in 2024 polls

Odisha Crime Branch busts racket involved in Rs 1.04 cr fraud

IPL 2024: Under-pressure Mumbai Indians hope to shine in home comfort (Preview)

IPL 2024: Sai Sudharsan, David Miller star as clinical Gujarat beat Hyderabad by seven wickets

Viksit Bharat Ambassador meet-up: India is world’s 3rd largest start-up ecosystem today, says I&B Minister Anurag Thakur

Amit Shah chairs meeting of Lok Sabha core committees in Jaipur, holds roadshow in Sikar

IPL 2024: Ishant Sharma back as Delhi Capitals win toss, elect to bat against CSK

Viksit Bharat Ambassador Jaipur meet-up: Participants heap praise on the initiative

Freddie Carthy joined Spotify just a year ago after leaving Twitter following Elon Musk’s acquisition of the social media company.

“Shocked to find out I’ve been impacted by the Spotify layoffs. Don’t even know what to feel right now,” Carthy posted on X on Monday.

Last year, around this time, when Musk took over Twitter, the company announced mass layoffs.

At that time, Carthy was working at Twitter, as ‘X’ was previously known, and he resigned from his job, perhaps unsure of his job security.

He then joined Spotify as a Senior Web Engineer, he explained.

“One year ago, Twitter s**t the bed and I quit, right before the holidays. 1 year later, I find myself unemployed before the holidays yet again…” he wrote.

Spotify founder and CEO Daniel Ek cited slowing economic growth and increased capital costs as reasons for the latest layoffs, claiming that the company used lower-cost capital in 2020 and 2021 to invest heavily in the business.

This is Spotify’s third round of layoffs this year.

In June, the company sacked 200 employees, or 2 per cent of its workforce, from its podcast division as part of a corporate re-organisation, while in January, it slashed 6 per cent of its workforce, or about 600 staffers, globally.



(This report is auto-generated from IANS news service. 'Main Media' holds no responsibility for its content.)

Get involved in bringing the ground realities of Seemanchal. Click the "Support Us" button to join our membership.

Support Us

Related News

Pawar vs Pawar: A fight for supremacy in Baramati

Rebel Wilson opens up on weight loss journey, says she’s an emotional eater

Shraddha Kapoor asks fans how they wasted 1st quarter of 2024

PM Modi virtually interacts with party workers in Varanasi

AIADMK will ally again with BJP after LS elections, says Chidambaram

PE-VC investments fall by 8 per cent to $6.2 billion in Q1

Cut! Mark Ronson’s role in Amy Winehouse biopic gets axed

Leave a Reply

Your email address will not be published. Required fields are marked *