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!
slammed
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.
CEO slammed with negative emotions after realizing layoffs have consequences
Flabbergasted!
Flummoxed!
Gobsmacked!
Bewildered, even!
Gutted
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.
one can only dream!
Not to his paycheck, it didn’t.
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.
ACAB.
Eat Billionaires.
Capitalism Sucks.
The three tenants of modern life.
Tenets*
But don’t sack your tenants. They need a place to live.
I think a fourth tenet may be that the people who have tenants are the scum of the earth.
Burning landlords and the properties they use to kludge the poor is basically seizing the means of production.
It’s just insane to me that it even takes 1500 people to run Spotify to begin with
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…
Techwise it probably doesn’t, but then there’s marketeers, sales, accountants, legal, etc…
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!
