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
Germans rejecting bureaucracy? What’s the world coming to?
I’m honestly a bit afraid of a bunch of German engineers and chemists that suddenly aren’t shackled anymore by the burden of three daily status meetings.
“Frederich, Ve have ze time now! Ve can finally finish der uber secret project of creating ein cow zat makes udder BIER!!! Jajajaja”
This comment coming from someone on a .de instance is just icing on the cake.
Maybe they’ll bring back one of the classics.
“Non addictive” lol
Hey now. This is Bayer, not Purdue Pharma
That’s a real product from Bayer, offered from 1898-1924.
until now I was only Afraid Of Americans EDIT: in a thread about music streaming folks don’t notice a David Bowie lyric?
American Rednecks 🤝 German Engineers Horrors beyond comprehension
Their CEO is an American
Cats living with dogs, chaos and mayhem!!
would you care for some Mass Hysteria?
Nah the Germans just utilize bureaucracy the way it’s supposed to be. If everyone sticks to a highly structured regiment that’s there is less need for Management to involve itself at every level.