![]() ![]() Throughout the U.S., though, demand for technologists remains high. Second, their hiring moves are often done preemptively, allowing the company to retain more cash for whatever lies ahead. First, these startups generally tend to burn quickly through capital, and often haven’t begun to produce substantial revenues thus, they’re more sensitive to economic conditions. But according to a Crunchbase analysis, it’s late-stage startups that have absorbed the biggest blows in terms of recent slowdowns and layoffs, for a couple of simple reasons. Spotify joins Coinbase, Microsoft, Uber, Netflix, and other tech companies in either slowing or freezing hiring. In an email to employees, Spotify CEO Daniel Ek said he intended to “slow that pace and be a bit more prudent with the absolute level of new hires over the next few quarters.” (Hat tip to Crunchbase for reproducing that email.) However, the streaming giant intends to still add to its overall headcount by the end of the year. Spotify is the latest tech company to announce a hiring slowdown. ![]()
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