Spotify's HiFi tier could finally be about to launch

So, there are 2 school of thoughts here. The layoffs happened because Spotify is getting ready to launch HiFi and that is going to cost them - hence reduce people and save costs. The other thought is they laid off to save cost and will not launch HiFi. No one other than Spotify knows which one is the correct one.

Finally launching in October, but users in the US have started getting it.....and it is at no additional cost!!

https://www.billboard.com/pro/spotify-hifi-lossless-audio-release-plan-cost-feature/

The fact they include it without charging more is welcome. I already pay for several other services, as well as Spotify (my wife likes the interface best), so I'll probably cancel one of the others once lossless kicks in. 

I had Amazon HD years ago and it was disappointing compared to Qobuz.  Maybe their Ultra HD I’d finally worth something, but color me skeptical on Spotify lossless until I hear it. 

So Spotify “hi-res” is capped at 24/44.1 and at $11.99/mo. is $1.29/mo. more expensive than Qobuz with an annual subscription.  Nice step in the right direction (finally) but no thanks — not worth carrying another subscription for at least for me.