Spotify rebounds after cost-cutting

[csrcsr]

Spotify's cost-cutting plan may be coming to fruition, after it announced subscriber growth for the fourth quarter that beat expectations, as well as a 23% jump in monthly active users from a year ago. Late last year, the Stockholm-based music streaming business said it would cut about 1,500 jobs, or 17% of its staff, making it the company's third round of layoffs in 2023. After years of investing heavily in podcasts only available on Spotify, the business has changed its strategy by making exclusive shows also available on rival platforms, increasing both ad revenue and audiences.

companies ki manchiga nedipistunayi layoffs with lean teams stock parugo parugu

6 months lo stock 

242.21 USD+100.22 (70.58%)past 6 months

[AFC]

8 minutes ago, csrcsr said:

Spotify's cost-cutting plan may be coming to fruition, after it announced subscriber growth for the fourth quarter that beat expectations, as well as a 23% jump in monthly active users from a year ago. Late last year, the Stockholm-based music streaming business said it would cut about 1,500 jobs, or 17% of its staff, making it the company's third round of layoffs in 2023. After years of investing heavily in podcasts only available on Spotify, the business has changed its strategy by making exclusive shows also available on rival platforms, increasing both ad revenue and audiences.

companies ki manchiga nedipistunayi layoffs with lean teams stock parugo parugu

6 months lo stock 

242.21 USD+100.22 (70.58%)past 6 months

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[Aquaman]

@csrcsr anna you invested in this?

[csrcsr]

6 minutes ago, Aquaman said:

@csrcsr anna you invested in this?

not invested bro , the tehory is companies are going in direction making the orgs lean with lot of layoffs and make the stock up , which is scary

[Aquaman]

12 minutes ago, csrcsr said:

not invested bro , the tehory is companies are going in direction making the orgs lean with lot of layoffs and make the stock up , which is scary

ok.. e stock lo invested baga