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 @Zerlyna@lemmy.world for the paywall-free link: https://archive.ph/wdyDS

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[–] towerful@programming.dev 85 points 6 months ago (30 children)

I have finally stopped using Spotify.
Now using TIDAL and absolutely loving it. It's like what Spotify used to be, loads of great recommendations, much better audio quality, a bit cheaper, and I believe the artists get a better cut.
It's too good to last, but I'm going to enjoy it while it does

[–] Vibi@lemmy.world 49 points 6 months ago (2 children)

I absolutely love Tidal as well. Was a long time Spotify subscriber, but their UI/UX decisions, especially for their desktop client, finally frustrated me enough to switch. Had almost no issues moving my playlists over, have a shuffle which actually shuffles, still have daily recommendation playlists, and my favorite part -patch notes; I know what's happening and why. They actually listen to user feedback and make updates based on it.

[–] EmpathicVagrant@lemmy.world 18 points 6 months ago (1 children)

frantically taking notes — anyone not Spotify

[–] lath@lemmy.world 1 points 6 months ago

A portion of those is likely something in the vein of "So the ceiling is 1499 employees..Noted."

[–] b3an@lemmy.world 1 points 6 months ago (1 children)

How did you migrate your playlists?

[–] Vibi@lemmy.world 3 points 6 months ago (1 children)

When I signed up they had a very easy process which allowed migration of playlists. I believe it was a 3rd party utility/website which you could actually use to migrate playlists from and to any of the music streaming services.

[–] b3an@lemmy.world 1 points 6 months ago
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