Well, it’s been a messy, messy week. Today, I have a look at the departure of Spotify CFO Paul Vogel, who (as first reported by Podnews) sold millions worth of stock on Tuesday. Plus, other key Spotify layoffs and the podcast download fallout of Apple’s iOS 17.
In an absolutely chaotic week for Spotify, the biggest layoff of all dropped on Thursday evening: Paul Vogel, who has been the company’s CFO for nearly four years, will leave in March. The news, which came after it was disclosed that he had sold $9.38 million worth of shares the day after the layoffs, was delivered by an atypically terse press release that made it clear Spotify’s leadership wasn’t satisfied with Vogel’s ability to do the job.