from Hacker News

Spotify's CFO is out days after mass layoffs

by Stokley on 12/7/23, 11:49 PM with 22 comments

  • by rtsil on 12/8/23, 12:32 AM

    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

  • by jbverschoor on 12/8/23, 1:23 AM

    Maybe he forgot to remove himself from the excel file with all employees doing a =RAND() to determine who's out.
  • by chiefalchemist on 12/8/23, 12:00 AM

    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.
  • by kermatt on 12/8/23, 2:49 AM

    > as the company doubles down on margin over growth

    Is this a strategy more companies should be looking at?

  • by yunohn on 12/8/23, 12:35 PM

    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?
  • by Stokley on 12/7/23, 11:49 PM

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