Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations

Next time axe the executives and keep the staff.

Most executives I've met can't read emails and just point to one of two numbers and say "higher/lower!" while dreaming of KPI's that don't improve anything and solely exist to stagnate wages

It's almost like employees are more than just numbers on a spreadsheet. Who knew.

People keep trying to paint every CEO as this smart and hardworking class of people. We continue to see it isn't true.

I have finally stopped using Spotify.
Now using TIDAL and absolutely loving it. It's like what Spotify used to be, loads of great recommendations, much better audio quality, a bit cheaper, and I believe the artists get a better cut.
It's too good to last, but I'm going to enjoy it while it does

What a stupid fucking cunt.

Having watched tens of thousands lose their jobs at Amazon...yes, a lot of shit falls apart when you remove roles that were previously doing stuff. On top of this, survivors guilt, and the fear of more layoffs basically kills productivity. If you don't understand this as a CEO, you should be first in line for the billionaire guillotine.

What an incredible website. Use of page you go to read their privacy policy is blocked by the popup that requires you to accept their privacy policy before continuing to use their site.

nothing to see here :)

Oh no, a leopard ate my face!

HAHAHA I’m so glad I was one of them customers that stopped subscribing right at that parabolic curve. Eat it you nasty Joe rogan loving Covid denying fucking dirtbags. you fucking deserve it.

Another psychopathic CEO doesn't really understand how things work. How many times have I encountered these clueless little dictators? When you are working for one they constantly fuck up and always blame someone else.

Gasp - it’s almost like these jet setting CEOs just don’t know that much about their day to day operations. Maybe they should spend less time tongue fucking each other for being “captains of industry” and more time doing the actual job they are paid obscenely for. They are supposed to ensure the company is running properly, not just push up the stock price.

Oh, so that's why app is getting shittier.

Couple things bug me about this.

He’s composing there are still support roles instead of roles exploring high impact opportunities. But does he know the value of those support roles on keeping other teams focused?

Tech is so shitty lately. Get people to build something for you with massive revenue per employee. Pre IPO? Dilute their shares for another round of investment cash. Post IPO? Just fire ‘em, declare its the year of efficiency, and maybe say it’s your fault but not accept any responsibility or pay reductions or reduced rewards.

Meanwhile, same CEO goes and renews Joe Rogan's contract for like $250 Million.

Solved the problem for you, Daniel.

December 2023:

“Economic growth has slowed dramatically and capital has become more expensive. Spotify is not an exception to these realities,” Ek wrote in a letter to staff posted to the company’s website.

Today

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.

I am somewhat happy I never joined spotify.

Seems like a monopoly that everyone belongs too. Yet they never really had the music I was after anyways.

yeah maybe if this dumbass ran his own publishing house he would be making some fucking money.

Shitposting aside, publishing industries pull in literally billions a year. They're the ones pushing music to spotify. Spotify makes almost no money, ever. Artists barely make money.

Spotify, if you're reading this, god i hope not, let artists self publish.

gonna just go ahead and guess the shithead didn't start carrying the pager after the layoffs.

Evidence #4564734 that these CEOs are more figure heads and actual strategist and absolutely do not deserve the multi-million dollar packages they constantly give themselves

People with no concept of what "institutional memory" means have no business running a business.

Oh, I wasn't aware of that.

For the last couple of years I've been "flirting" with Spotify. It would offer me 3 months of premium for the price of one, I would take it and cancel immediately so I don't forget.

Then lived the happy pirate life for six months or so, and Spotify would come in with the offer. Last time the price was higher but I said what the hell..

Now with this post I was about to uninstall, but I read some comments about services that transfer your playlists, so first things first :))

What’s Spotify?

Some kinda laundry thing?

/s

Paywall free : https://archive.ph/wdyDS

That title 😂 would make a good cross post for NotTheOnion

Even if he can see it, hes not likely gonna fix it

Wow, who knew they were all people doing something, rather than suckling on your precious Wealth Creator teat?

Here's another money saving suggestion, go without fire extinguishers and alarms. They're sitting around doing nothing all day!

Oh no. Anyway,

This guy and Elon should get together and compare notes.

Were is the button refuse cookies ? I can't find the button refuse cookies.

Not as surprised as I was to learn they had 1500 people in the first place.

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.

What do 10,000 workers do at a company that's primarily focused on a music streaming app?? I guess it just adds up, but I cannot wrap my head around that many people working on mainly 1 project. Are there just a bunch of behind the scenes projectswI don't know about? Like what are they all doing 😂

Edit: I think my comment was taken as agreeing with laying off workers. I completely disagree with that! I'm genuinely just curious what they are all doing.

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