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

    • @[email protected]
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      fedilink
      507 months ago

      “Frederich, Ve have ze time now! Ve can finally finish der uber secret project of creating ein cow zat makes udder BIER!!! Jajajaja”

    • @commandar
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      187 months ago

      This comment coming from someone on a .de instance is just icing on the cake.

    • @afraid_of_zombies
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      97 months ago

      It will be fine. All the German engineers I have worked with are capable of building their own chains.

    • @mPony
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      7 months ago

      I’m honestly a bit afraid of a bunch of German engineers

      until now I was only Afraid Of Americans EDIT: in a thread about music streaming folks don’t notice a David Bowie lyric?

      • @afraid_of_zombies
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        27 months ago

        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.