Spotify announces CFO to leave, days after he cashed in $9.3m in shares

Paul Vogel moved to sell stock as shares soared after it was revealed 1,500 jobs would be cut

Spotify has announced that the chief financial officer, Paul Vogel, is to leave, days after cashing in $9.3m (£7.4m) in shares in the wake of the music streaming service announcing it is to cut almost a fifth of its global workforce.

Vogel, who cashed in $9.3m in shares as Spotify’s shares soared after the announcement that 1,500 jobs would be cut, will leave in March, ending an eight-year stint at the company.