bookwormstory.social

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This lemmy instance is a place for discussing all things related to the fantasy light novel series "Ascendance of a Bookworm" (Japanese Title: "Honzuki no Gekokujō") written by Miya Kazuki and Illustrated by Yō Shiina. Regular bookworms are also welcome to register here.

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Nobody reads this far down right? I'll just shill for J-Novel Club a bit because I love that they sell DRM free Ebooks. Go buy the series from their website.

founded 1 year ago

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Spotify CEO Daniel Ek surprised at negative impact of laying off 1,500 Spotify employees (fortune.com)

submitted 2 months ago by lautan@lemmy.ca to c/technology@lemmy.world

44 comments fedilink

Ek said Spotify employees were doing too much "work around the work" as he laid off 17% of the group's workforce in December.

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

submitted 2 months ago* (last edited 2 months ago) by wanderingmagus@lemm.ee to c/news@lemmy.world

157 comments fedilink

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