Who planed and executed a strategy like this and why isn‘t it done in a way to not get as much employees which would lead into them getting laid off?
Why getting cheap money without taking into account that the situation is different in 5 years?
I couldn’t care less that growth businesses run into this situation. Then don‘t grow it so fast!
People are getting fired across so many businesses. It appears unlikely they will get another job soon. The situation leads to health problems and has ramifications for people. Fucking management can do whatever they want. They still get highly compensated.
What? I addressed your comment. I'll make it simpler: you are spouting nonsense.
Spotify didn't "plan and execute" anything. The current situation was brought on by 2 decades of quantitative easing and then multiple black swan events and even more cash injection until it all came crumbling down. The amount of blame you place on the board of a single company to combat what is essentially a global crisis brought on by actions taken by world governments is extremely naive. Spotify isn't alone in this. Nearly every big tech company has had layoffs and I don't think we're anywhere close to being done yet. I hear rumors more are coming for mamaa.
There are large forces that affect our lives that are beyond our control which cause us anxiety. We can deal with this in different ways; religion, government, or employers are all authorities who we may believe can help us through times of need (our healthcare, for some of us our literal ability to continue living, is tied up in our employment, at least in the US). It’s only natural that we run into problems when our bulwark against the uncertainties of the world is taken away. And then tie up the prestige of working for FAANG and the identity that comes with it, to learn that perhaps you weren’t so special; you were just caught up in a ZIRP phenomenon - it can be hard for an individual to take.
I don't disagree, but we all need to strive to do better. Pleading with perceived corporate overloads to fix problems they are simply victims of themselves isn't helping anything. I'm seeing this trend more and more where people want to blame ceos like they have some magical wand to fix the worlds problems. That's not how things work.
If we want to look for solutions, we should look at the 20 years of stimulus which go us here and question why this was happening and what we should have been doing about it. But, alas, few were complaining when they were able to get 500k loans with sub 3 interest rates...
How do things work? From what I can tell (speaking as an American), we do seem to have imbued corporate leaders with a reverence classically reserved for religious leaders. And who else are we supposed to look to? God is dead, and 40-odd years of starve the beast has left the government with seemingly few policy tools to enact change; though as you note they can still change interest rates and print money.
Hopefully someone will come along and save us, but it's hard to imagine who.
The government printed the money. They are the issue. Corporations compete with each other for survival, they cannot afford to be altruistic and expecting them to be is totally naive
Given that they are responsible for providing (and I suppose delivering as well) the healthcare of a majority of Americans, it seems problematic that corporations are nihilistic profit-maximizing machines though, doesn't it? I mean, I'm pretty sure we're all just boned at this point, but obviously I'm not much of an optimist. Judging by the declines in birthrates though, it seems like that's more or less what others are coming to conclude.
Who planed and executed a strategy like this and why isn‘t it done in a way to not get as much employees which would lead into them getting laid off?
Why getting cheap money without taking into account that the situation is different in 5 years?
I couldn’t care less that growth businesses run into this situation. Then don‘t grow it so fast!
People are getting fired across so many businesses. It appears unlikely they will get another job soon. The situation leads to health problems and has ramifications for people. Fucking management can do whatever they want. They still get highly compensated.