Spotify CEO Daniel Ek surprised by how much 1,500 layoffs' impacted operations

<a href="https:&#x2F;&#x2F;archive.is&#x2F;L0BdY" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;L0BdY</a><p>Summary:<p>* Spotify’s Layoff Impact: CEO Daniel Ek was surprised by the significant operational challenges following the layoff of 1,500 employees.<p>* Financial Performance: Despite achieving record profits of €168 million and revenue growth, Spotify missed its targets for profitability and user growth.<p>* Investor Reaction: Shares increased by over 8% after the earnings report, reflecting investor confidence.<p>* Long-Term Strategy: Despite short-term issues, Spotify believes the layoffs were necessary for long-term profitability.

How does a CEO not understand the employment needs of his company? Oh, right, he&#x27;s playing stock price games with the investors and doesn&#x27;t give a shit about his employees.

Wait, so if you fire the people who do the work, the work doesn&#x27;t get done?! Well I never. Who&#x27;d have thought it?<p>Sometimes I&#x27;m just baffled, I really am.

I was curious what jobs were impacted. Looks like plenty of SWE were fired:<p>From layoffs.fyi: <a href="https:&#x2F;&#x2F;docs.google.com&#x2F;spreadsheets&#x2F;d&#x2F;1KPL87R3veJ6HaQeHdkG1BPbKY-K-G4Gr7y0m7oMRCqU&#x2F;htmlview" rel="nofollow">https:&#x2F;&#x2F;docs.google.com&#x2F;spreadsheets&#x2F;d&#x2F;1KPL87R3veJ6HaQeHdkG1...</a>

<i>&quot;Although there’s no question that it was the right strategic decision, it did disrupt our day-to-day operations more than we anticipated.&quot;</i><p>Absolute double-speak. Translation &quot;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.&quot;

I&#x27;m blown away that company _needs_ more than 1,500 employees in the first place...