A short excerpt from a YouTube video by Worldwide Ty titled "Why Music Industry Layoffs Mean Uncertainty for Us All." Two speakers discuss recent layoffs at Universal Music Group, Warner Music Group, and Spotify, noting that layoffs occurred despite profitable quarters or stock-price rationales. They reflect on the resulting sense of insecurity in media/music careers and the appeal of having "fuck you money."
And one of the aha moments for having fuck you money that popped up to me recently was Universal Music Group laid off a bunch of people after posting Beneficial in a profitable quarter. Same with Warner Music Group. Spotify laid off a bunch of people they stock prices wouldn't. So like, that is very interesting. So what do you think about that? Like, how did that hearing those different things as a journalist who at the media space is kind of falling apart also doing the same thing at the same.
Time. Yeah, it feels like there's no security. It doesn't feel like there's any security. Especially when I was like 23, 24, the idea was to get a job at one of these big companies.
