However, it appears to have worked so far. In the four months since the layoff announcements, shares in the group have jumped more than 60%.

Spotify has also recently proved it is able to raise prices in some of its key markets without seeing a flight of listeners to rival services like Apple Music.

Beautiful. No improvements are made to the product’s quality or volume. Supposed improvements are made to efficiency, but we cannot judge them as there is a lack of information. But what truly matters is the share value and raising the price. Customers get a worse deal, and so do workers.