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
Germans rejecting bureaucracy? What’s the world coming to?
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.
This comment coming from someone on a .de instance is just icing on the cake.
“Frederich, Ve have ze time now! Ve can finally finish der uber secret project of creating ein cow zat makes udder BIER!!! Jajajaja”