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founded 1 year ago
ADMINS
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capitalist coping

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Ek said Spotify employees were doing too much "work around the work" as he laid off 17% of the group's workforce in December.

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This is an automated archive made by the Lemmit Bot.

The original was posted on /r/technology by /u/MarvelsGrantMan136 on 2024-04-25 00:52:01.

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This is an automated archive made by the Lemmit Bot.

The original was posted on /r/antiwork by /u/qbl500 on 2024-04-24 18:56:16.

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This is an automated archive made by the Lemmit Bot.

The original was posted on /r/truespotify by /u/araxhiel on 2024-04-24 19:08:48.

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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

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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

8
 
 
This is an automated archive made by the Lemmit Bot.

The original was posted on /r/entertainment by /u/qbl500 on 2024-04-24 18:55:25.

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