Spotify CFO becomes one of thousands departing the streaming service, after selling $9M in shares

NEW YORK (AP) — Spotify’s chief financial officer, Paul Vogel, is leaving next year, the music streaming service said — just days after the company announced its third round of layoffs for 2023. Vogel is set to leave Spotify on March 31. Ben Kung, who currently serves as vice president of financial planning and analysis, will take on expanded interim responsibilities  as Spotify searches for a successor externally. Spotify on Monday said it would be axing 17% of its global workforce — with the company citing needs to slash costs while focusing on becoming profitable. Shortly after the layoff news, Spotify’s stock jumped about 8%. On Tuesday, Vogel moved to sell more than $9.3 million worth of shares, according to securities filings.