Spotify's CEO Made the 1 Mistake No Leader Should Make (opens in new tab)

The 1 mistake according to the article: not taking responsibility. Past decisions were made (hiring) to align company with future goals, now new decisions (layoffs) were made to align the company again. Leadership should take responsibilty that the past decisions were wrong (or the goals)

> To be clear, Spotify hired too many people when it was cheaper to do so (because it could borrow money at lower rates), and now has to let them go because it still hasn't made a profit despite throwing money at things ...

A lot of companies seem to have made this mistake in the 20's

Trying to monetize a podcasting network has repeatedly failed... but they are doing their best not to learn from history on that point.