Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
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Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#2"Although there’s no question that it was the right strategic decision, it did disrupt our day-to-day operations more than we anticipated."
Absolute double-speak. Translation "Although it was clearly a dumb thing to do we are now fucked and full of bitter regret and embarrassment. Also, check out my shades."
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#3I'm blown away that company _needs_ more than 1,500 employees in the first place...
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#4I'm blown away that company _needs_ more than 1,500 employees in the first place...
Me too. I’m not aware of a single change they’ve made in ten years. Offline still doesn’t really work. I’m sure there’s been tons of scaling work, but why does that require thousands of employees?
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#5I'm blown away that company _needs_ more than 1,500 employees in the first place...
Exactly. Just look at Telegram. They have a team of ~30 engineers who are managing ~900 million monthly active users. That's wild
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#6https://archive.is/L0BdY
Summary:
* Spotify’s Layoff Impact: CEO Daniel Ek was surprised by the significant operational challenges following the layoff of 1,500 employees.
* Financial Performance: Despite achieving record profits of €168 million and revenue growth, Spotify missed its targets for profitability and user growth.
* Investor Reaction: Shares increased by over 8% after the earnings report, reflecting investor confidence.
* Long-Term Strategy: Despite short-term issues, Spotify believes the layoffs were necessary for long-term profitability.
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#7I'm blown away that company _needs_ more than 1,500 employees in the first place...
I feel similarly about Reddit and pre-X Twitter.
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#8I'm blown away that company _needs_ more than 1,500 employees in the first place...
Sales, marketing, customer service? Neckbeards apparently only think of themselves lol.
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#9How does a CEO not understand the employment needs of his company? Oh, right, he's playing stock price games with the investors and doesn't give a shit about his employees.
Re: Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations
#10I was curious what jobs were impacted. Looks like plenty of SWE were fired:
From layoffs.fyi: https://docs.google.com/spreadsheets/d/1KPL87R3veJ6HaQeHdkG1...