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'm honestly a bit afraid of a bunch of German engineers and chemists that suddenly aren't shackled anymore by the burden of three daily status meetings.
"Frederich, Ve have ze time now! Ve can finally finish der uber secret project of creating ein cow zat makes udder BIER!!! Jajajaja"
This comment coming from someone on a .de instance is just icing on the cake.
Maybe they’ll bring back one of the classics.
"Non addictive" lol
Hey now. This is Bayer, not Purdue Pharma
That’s a real product from Bayer, offered from 1898-1924.
It will be fine. All the German engineers I have worked with are capable of building their own chains.
until now I was only Afraid Of Americans EDIT: in a thread about music streaming folks don't notice a David Bowie lyric?
American Rednecks 🤝 German Engineers Horrors beyond comprehension
Why? I don't get to scratch my own ass without 9 sales fucks and "engineers" asking me why I am not scratching my ass the way they remember it being scratched in 1995.