cross-posted from: https://lemm.ee/post/30272690
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 @[email protected] for the paywall-free link: https://archive.ph/wdyDS
Let me play him the world’s smallest violin. You don’t get to fire 1500 people because shareholders think it’s neat and then cry about how hard you have it. This guy can fuck off.
Call him a skitjävel. He’ll understand.
Ouch
I mean, it’s nice to hear some regret. Maybe other CEOs will take note… Probably not. But maybe
deleted by creator