this post was submitted on 26 Apr 2024
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[–] tedu@azorius.net 184 points 6 months ago (6 children)

I like how the verb in the headline evolves every time I see this story. First he was surprised. Then he was shocked. Now he's alarmed. Maybe I'll check back tomorrow and learn he's horrified!

[–] geophysicist@discuss.tchncs.de 78 points 6 months ago (1 children)
[–] itsnicodegallo@lemm.ee 6 points 6 months ago (2 children)

This just means "to insult". Not exactly interchangeable with "overcome with a negative emotion".

But yes, I fucking hate this kind of hyperbole in news headlines. The other one I see is blasts like somebody legit fired a Kamehameha wave at somebody else.

[–] Corkyskog@sh.itjust.works 15 points 6 months ago

CEO slammed with negative emotions after realizing layoffs have consequences

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

This is one of the most absurd examples I’ve ever seen. This shit drives me crazy.

[–] itsnicodegallo@lemm.ee 2 points 6 months ago

They knew what they were doing... They had to. Lol

[–] coffinwood@discuss.tchncs.de 33 points 6 months ago (1 children)
[–] thanks_shakey_snake@lemmy.ca 21 points 6 months ago (1 children)
[–] aeronmelon@lemmy.world 17 points 6 months ago (1 children)
[–] SecretSauces@lemmy.world 9 points 6 months ago (1 children)
[–] witty_username@feddit.nl 2 points 6 months ago
[–] realitista@lemm.ee 13 points 6 months ago

Especially when these whole articles revolve around couple sentences in an earnings call which were basically "it had a bigger effect than we expected, but we're doing okay now." I'm sure as an excuse for lower than expected profits in that period.

[–] bradorsomething@ttrpg.network 12 points 6 months ago (1 children)

This guy needs to slam somebody.

[–] unclejeeves@lemmy.world 2 points 6 months ago

Fuck I hate that word now

[–] NutWrench@lemmy.world 11 points 6 months ago

It's just another example of news orgs running interference for a twenty-something dbag "entrepreneur"who has no idea how his business works.

[–] noodlejetski@lemm.ee 1 points 6 months ago

one can only dream!

[–] laxe@lemmy.world 92 points 6 months ago

Layoffs are a leadership failure so should always be accompanied by firing them too

[–] Axle182@lemmy.world 69 points 6 months ago
[–] ChowJeeBai@lemmy.world 62 points 6 months ago (1 children)

Not to his paycheck, it didn't.

[–] just_another_person@lemmy.world 38 points 6 months ago

They only do this for end of year bonuses for shareholders and the C level folks. They don't give a single shit about who it affects. People's lives were ruined over this.

[–] Evotech@lemmy.world 58 points 6 months ago (4 children)

It's just insane to me that it even takes 1500 people to run Spotify to begin with

[–] ChairmanMeow@programming.dev 48 points 6 months ago (1 children)

Techwise it probably doesn't, but then there's marketeers, sales, accountants, legal, etc...

[–] treadful@lemmy.zip 18 points 6 months ago

It's the music industry. Probably 50% lawyers.

[–] moon@lemmy.ml 45 points 6 months ago

People think that because you can build a Spotify clone with two sticks and a heroku subscription it must not need a lot of people to work on. It's what Elon said about Twitter prior to buying it and gutting all the features.

These apps are first and foremost businesses with legal, HR, and all sorts of other roles before you get to product. And the products are so mature, so complex, that you need dozens of teams to cover the entire thing

[–] Sprokes@jlai.lu 40 points 6 months ago

Why not? Some companies do have a fraction of Spotify users and have around 100 software engineers. Things do not run by themselves. Also they are in many countries so you need to keep up with legal changes...

[–] KingThrillgore@lemmy.ml 22 points 6 months ago (1 children)

I can see the need for those engineers but more importantly, Spotify needs sales people.

[–] moon@lemmy.ml 23 points 6 months ago

Spotify is also a record label now. They probably need an entire division devoted just to the marketing and strategy needed to make that successful

[–] aniki@lemm.ee 45 points 6 months ago (1 children)

ACAB.

Eat Billionaires.

Capitalism Sucks.

The three tenants of modern life.

[–] palordrolap@kbin.social 48 points 6 months ago (2 children)

Tenets*

But don't sack your tenants. They need a place to live.

[–] tias@discuss.tchncs.de 7 points 6 months ago (1 children)

I think a fourth tenet may be that the people who have tenants are the scum of the earth.

[–] aniki@lemm.ee 5 points 6 months ago

Burning landlords and the properties they use to kludge the poor is basically seizing the means of production.

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

Except David; he keeps leaving a big blue box in the lounge room.

[–] Sam_Bass@lemmy.world 34 points 6 months ago

Firing him would have a negligible effect. Bet.

[–] xenoclast@lemmy.world 34 points 6 months ago

He and the shareholders still made a ton of money. They will do it again so they can make a ton more money.

He doesn't care and never will.

[–] umbrella@lemmy.ml 34 points 6 months ago

i tought this was the onion for a second

[–] WamGams@lemmy.ca 25 points 6 months ago

God damn, capitalists can be so fucking stupid.

[–] autotldr@lemmings.world 11 points 6 months ago

This is the best summary I could come up with:


In December, music streaming giant Spotify fired 1,500 workers, a cohort amounting to a staggering 17 percent of its total workforce at the time.

On an investor call this week following Spotify's Q1 report, the streaming CEO admitted that while the layoffs were the "right strategic decision," firing 1,500 employees "did disrupt our day-to-day operations more than we anticipated."

"It took us some time to find our footing," Ek continued, according to Fortune, "but more than four months into this transition, think we're back on track."

And sometimes, it's true that companies do over-hire — a reality exemplified by the tech industry, which saw record layoffs last year after a decade of fairly steady workforce increases furthered by the industry's pandemic hiring boom.

Because copyright exists, access to an endless music library isn't cheap.

"On the surface," Spotify's business model "looks great," Simon Dyson, senior principal analyst at the consultancy firm Omdia, told Wired last year following Ek's layoff announcement.


The original article contains 403 words, the summary contains 160 words. Saved 60%. I'm a bot and I'm open source!

[–] werefreeatlast@lemmy.world 6 points 6 months ago

Only 1499 next time please!

[–] UltraMagnus0001@lemmy.world 2 points 6 months ago