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11 Dec 2023

Spotify CFO Dismissed After Cashing $9 Million in Stock Amid Mass Company Layoffs

Paul Vogel, Spotify's CFO, was terminated following a significant cutback of 1,500 staff members. Prior to his departure, Vogel liquidated $9.4 million in stock. CEO Daniel Ek cited the need for a CFO with different experiences as Spotify enters a new phase. An external search is underway for Vogel's replacement, who is due to leave at March's end. [Source](https://www.instagram.com/p/C0mXgp_rdKV/?igshid=ODhhZWM5NmIwOQ==)