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
I’ve been a spotify premium user for a long time. still pay $11/mo and it comes with Hulu for that price. i don’t like all the added bullshit they’ve put in like the ai dj or whatever, and i don’t like the “stations” but i don’t like those on ANY service as they all pretty much don’t play what i want them to, so i just make my own playlists and shuffle through those. don’t really give a fuck that they paid Joe Rogan, and i think it’s silly if you do. Like Apple doesn’t do shady shit with your money too? or youtube? or tidal? come on. gtfoh with that ignorant shit.