Spotify's CFO is out days after mass layoffs

[rtsil]

The very same person who just cashed off his shares to take advantage of the jump in price following the layoffs announcement:

https://news.ycombinator.com/item?id=38557283

[darthrupert]

Isn't that extremely illegal?

[jbverschoor]

Maybe he forgot to remove himself from the excel file with all employees doing a =RAND() to determine who's out.

[Stokley]

this is the most logical answer

[chiefalchemist]

And who made the decision to go big on podcasts? And audio books? How are those efforts paying off? Obviously, the CFO has responsibilities, but they also don't act alone.

[catlover76]

Podcasts and audio books make sense for Spotify to pursue, but it feels like they have been totally half-assing those things.

[kermatt]

> as the company doubles down on margin over growth

Is this a strategy more companies should be looking at?

[hightrix]

This is a brand new strategy that’s never been tried before and isn’t a strategy that many companies use today. /s

[yunohn]

The more I read about Spotify and its woes, the more I feel that it’s really the hot-headed CEO/founder that needs to be fired. Has he tried taking any responsibility yet?

[Stokley]

Wonder if this will help right the ship with Spotify. Any thoughts?

[Zetobal]

Nope their CEO is really opinionated and not often right.

[rchaud]

CFOs oversee the company's books. Maybe the CEO expected a warning of some sort that sending $200m to Rogan and $25m to Harry and Meghan was a bad idea.