Paul Vogel, who came to Spotify in 2020, will depart the company in March 2024 as the company doubles down on margin over growth. Spotify CEO Daniel Ek said the decision was made because Vogel didn’t have the experience needed to help the company both expand and meet market expectations. The company is starting the search for a successor. https://www.theverge.com/2023/12/7/23992712/spotify-cfo-paul-vogel-leaving-layoffs So CEO blamed him for everything going wrong??
So c-suite is not layoff proof?
This guy will get 8 digit severance package. It is quite layoff proof
In exchange for $$ all CFO has to do is take responsibility and protect the CEO who can put the blame him on . Now the board will give the CEO a nice juicy holiday bonus for it as the stock has rallied on layoff news.
Spotify seems like a proper shit show
So they didn’t know this before promoting him?
* spins propeller on hat * welcome to the fuckin clown show y’all
Absolutely insane. What’s the sentiment on Daniel?
And the hits for Spotify just keep on coming. Surely the sale of stock was preplanned and fact that happened the day after the layoff is all coincidence.. Spotify CFO cashes in £7.2m in shares after value surges on news of job cuts https://amp.theguardian.com/technology/2023/dec/07/spotify-cfo-cashes-in-72m-in-shares-after-value-surges-on-news-of-job-cuts
MF ran away with the money. Absolute shit show.
Dick move. What an asshole