Or, if you want to win big, you have to make big bets. This applies to both employers doing mass hiring and employees choosing to work at employers aiming for explosive growth.
It is not poor management, it is simply a different tactic. Sometimes things work out, sometimes they don’t. The fact that Silicon Valley has succeeded in producing the most profitable companies in the last few decades seems to be relevant.
Spotify has been around for 15 years, and its IPO was 7 years ago. They are well beyond their "explosive growth" phase, and anyone working for them could not be faulted for expecting to join a mature and stable company.
I can definitely agree with the "bet big" argument for startups - but Spotify isn't a startup and hasn't been one for years. It's a billion-dollar multinational!
Let's not romanticize correlation. Silicon valley also spent years asking how many ping pong balls fit in a bus, only hired Stanford grads, and sheltered sexual harassers in executive roles. Turns out those were neither necessary or sufficient for success either. Revenue and low interest rates can hide a lot of dumb decisions.
You wouldn't think that most people here would be campaigning for companies to hire much more slowly, conservatively, and probably at salaries more in line with the market as a whole.
It is not poor management, it is simply a different tactic. Sometimes things work out, sometimes they don’t. The fact that Silicon Valley has succeeded in producing the most profitable companies in the last few decades seems to be relevant.