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Fortune
Fortune
Christiaan Hetzner

Spotify CFO cashed in $9M worth of stock after mass layoffs

The Spotify logo is being displayed on a smartphone with a Spotify layoff icon in the background (Credit: Jonathan Raa—NurPhoto/Getty Images)

Spotify’s finance chief, Paul Vogel, can now count himself as the most high-profile casualty of the 1,500 workers to get the boot after Spotify said it needed a different direction at the helm of its finance department. 

However, according to a regulatory filing by the Swedish company, his exit will be nicely cushioned after he liquidated $9.4 million worth of stock on Tuesday at an average price of nearly $196 per share.

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