Welcome to the Tech Meme Right Home for Monday, December 4th,

2023. I'm Brian McCullough today. I guess Spotify missed the memo

about the Tech turnaround because they had a monster round of layoffs today.

Google has delayed its big open AI competitor.

Why does AI have a tendency to do evil unless you tell it really not to?

And the band Kiss is retiring from touring but Kiss The Band has the potential

to tour forever thanks to digital avatars.

Here's what you miss today in the world of tech. Spotify plans to lay off around 17% of its workforce or around 1,500 people to quote

right size its costs citing slow growth and rising capital costs after cutting 6% of its

staff back in June. A couple of things. First, that is some deep deep cutting more

than 20% of its workforce in just six months.

But also, why are they doing this so late in the year?

Seems like everyone else ripped the bandaid off in the first half of the year.

Also, have you seen Spotify's stock lately?

It's basically doubled year to date.

Seems like the market thought they were already

turning things around, quoting Tech Crunch.

In a note to employees Monday, Spotify founder and chief executive Daniel Ek said

right-sizing the workforce is crucial for the company to face the

quote challenges ahead.

He cited the slow economic growth and rising capital costs among reasons for the job cuts, saying the firm took advantage of lower cost capital in 2020 and 2021 to invest significantly in the business.

I recognize this will impact a number of individuals who

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