this post was submitted on 04 Dec 2023
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Spotify to axe 1,500 workers to save costs (www.bbc.com)
submitted 11 months ago by otter@lemmy.ca to c/technology@lemmy.world
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[–] 31337@sh.itjust.works 10 points 11 months ago

I know people who support this philosophy (business owners and investors, of course), framing it as getting rid of the lowest performers. They think 10% yearly turnover is healthy. Morale is so low at the businesses they run they usually don't have to lay off. It's probably more like they lose their top 10% yearly.