Spotifallout | Spotify CEO admits laying off 1,500 employees disrupted workforce "more than we anticipated"

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 $179million in the first three months of 2024, enjoying double-digit revenue growth to $3.8billion in the process.

However, the company failed to hit its guidance on profitability and monthly active user growth.