Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations
fortune.com
When Spotify announced its largest-ever round of layoffs in December, CEO Daniel Ek hailed a new age of efficiency at the streaming giant. But four months on, it seems he and his executives weren’t prepared for how tough filling in for 1,500 axed workers would be.
The music streamer enjoyed record quarterly profits of €168 million ($179 million) in the first three months of 2024, enjoying double-digit revenue growth to €3.6 billion ($3.8 billion) in the process.
However, the company failed to hit its guidance on profitability and monthly active user growth.
Edit: Thanks to @Zerlyna@lemmy.world for the paywall-free link: https://archive.ph/wdyDS
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I absolutely love Tidal as well. Was a long time Spotify subscriber, but their UI/UX decisions, especially for their desktop client, finally frustrated me enough to switch. Had almost no issues moving my playlists over, have a shuffle which actually shuffles, still have daily recommendation playlists, and my favorite part -patch notes; I know what's happening and why. They actually listen to user feedback and make updates based on it.
frantically taking notes — anyone not Spotify
A portion of those is likely something in the vein of "So the ceiling is 1499 employees..Noted."
How did you migrate your playlists?
When I signed up they had a very easy process which allowed migration of playlists. I believe it was a 3rd party utility/website which you could actually use to migrate playlists from and to any of the music streaming services.
Thank you!