Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations
Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations
Ek said Spotify employees were doing too much "work around the work" as he laid off 17% of the group's workforce in December.
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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HAHAHA I’m so glad I was one of them customers that stopped subscribing right at that parabolic curve. Eat it you nasty Joe rogan loving Covid denying fucking dirtbags. you fucking deserve it.
Yup I canceled my sub when they went exclusive with Joe Rogan. I'm not spending a penny to support that douche canoe.
Stop being so canoe-phobic. Canoe's make for a great outdoor activity
No fuck canoes! Kayak superiority!
Same... not super proud of switching over to YTM but definitely better than throwing money at Joe Rogan through Spotify.
As with video streaming services, after a couple of great years during which I practically gave up self-hosted pirated content now I find myself going back to it as the servers enshitified beyond my tolerance... YTM is my last ditch attempt
We ended up buying a bluray player and buy movies from thrift stores because fuck the noise that is streaming services now.
Why don’t you like Joe Rogan?
Well he is a vaccine skeptic for one. And perhaps I don't hate Joe himself but his platform is full of misinformation that is taken at face value. He has guests on the show that people take as experts when they aren't. His dude-bro audience takes what he says as gospel and just makes things worse.
What specific misinformation are you referring to?
Covid misinformation for example.
That’s an entire category, not what I meant by specific. What specific claims about covid were made on his show that you believe are false?
He took horse de-wormer.