Re: [Fortune] Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations

On Thu, 25 Apr 2024 00:09:54 +0200, Kyonshi wrote:

However, the company failed to hit its guidance on profitability and
monthly active user growth.
 
It didn’t seem to put off investors, who sent shares in the group
soaring more than 8% in New York after markets opened Tuesday morning.

That happens all too often. Wall Street really seems to love the sound of
the word “layoff”. Lots of companies enjoy a short-term boost to their
share price, even at the cost of long-term damage to their business.