Techie who left Twitter last year now been let go by Spotify

San Francisco: After quitting 'X' just a year earlier, a techie said he was "unemployed before the holidays again" after being let go by the music streaming giant Spotify.

Just before the holidays, Spotify fired off 17% of its personnel on Monday, resulting in the loss of about 1,500 employees.

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, IANS reported.

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.