Spotify founder and CEO Daniel Ek.Bryan Bedder via Getty ImagesDaniel Ek said Spotify underestimated the impact of laying off 1,500 people in December."It took us some time to find our footing," Ek told investors in an earnings call.The streaming giant had cut 2,300 jobs over three rounds of layoffs last year.
Spotify Ceo Daniel Ek Has Realized Laying Off 1,500 People At One Go May Have Created A 'significant Challenge' For Spotify's Da
ktan@businessinsider.com (Kwan Wei Kevin Tan), Business Insider
Tue, 04/23/2024 - 11:05pm
Topics: ek said on tuesday. bryan bedder getty imagesdaniel taylor swift the tortured poets department january june february meta ceo mark zuckerberg morning brew daily neal freyman howell business insider spotify ceo daniel december zuckerberg significant challenge laying off people company year told million layoffs investors work earnings find time footing single impact latest jobs giant streaming rounds album decision platform most-streamed laid cutting staff
BING NEWS:
- Spotify CEO Shocked That Laying Off 17% Of His Staff Presented A ‘Significant Challenge’ To Their Company
After taking some financial hits, Spotify announced that it was laying off 17% of its workforce. Now, they seem to be almost regretting that decision. According to the financial publication The Street ...
04/26/2024 - 1:15 pm | View Link - Welcome to the Spotify Machine: Podcasts, Audiobooks, Video, Education — And, Yes, Music
During Tuesday’s Q2 earnings call, CEO Daniel Ek and interim CFO Ben Kung ... Audiobooks are a good example of keeping people hooked: Ek said that in the markets where audiobooks are available ...
04/25/2024 - 1:00 pm | View Link - Spotify's CEO Says Laying Off Many Employees All at Once May Have Been a Mistake
Daniel Ek admits a classic error of making widespread job cuts to reduce costs, leaving daily routines in disarray.
04/25/2024 - 5:25 am | View Link - Spotify CEO Daniel Ek has realized laying off 1,500 people at one go may have created a 'significant challenge' for Spotify's day-to-day operations
Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December."It took us some time to find our footing," Ek told investors in an earnings call.The streaming giant had cut 2, ...
04/23/2024 - 7:05 pm | View Link - Spotify Q1 Results: User Growth Slows, Streamer Swings to Profit as It Hits 239 Million Premium Subscribers
CEO Daniel Ek, on the earnings call ... Spotify’s podcast ad revenue in Q1 grew faster than music, driven by “significant growth in impressions sold” across original and licensed podcasts ...
04/23/2024 - 12:54 am | View Link - More
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