this post was submitted on 24 Apr 2024
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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

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[–] [email protected] 12 points 6 months ago (2 children)

Both are way smaller than Slsk's.

[–] [email protected] 4 points 6 months ago (1 children)

Slsk /Winamp for life. If it ain't broke don't fix it.

[–] [email protected] 1 points 6 months ago

I was in the Winamp to foobar pipeline in the 00s and I have zero ragrets

I still SLSK but mostly I OPH now.

[–] [email protected] 4 points 6 months ago