Spotify's chief financial officer will step down next year, according to the music streaming service, just days after it announced its third round of layoffs for 2023.
In a statement announcing CFO Paul Vogel's departure, CEO Daniel Ek said that the two had "come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences."
Spotify said this week that it would be axing 17 per cent of its global workforce, citing the need to slash costs and become profitable. About 1,500 people will lose their jobs, a spokesperson confirmed.
Shortly after the layoffs were announced Monday, Spotify's stock jumped about 8 per cent. On Tuesday, Vogel moved to sell more than US$9.3 million worth of shares, according to securities filings.
Two other senior executives also cashed in over $1.6 million in shares, The Guardian reported.
The Associated Press reached out to Spotify for further comment on Friday.
Vogel will leave Spotify on March 31. Ben Kung, who currently serves as vice president of financial planning and analysis, "will take on expanded responsibilities" in the interim as Spotify searches for a successor externally, the company said in a blog post.
Stockholm-based Spotify posted a net loss of 462 million euros (about US$500 million) for the nine months to September. The company announced in January that it was axing 6% of total staff. In June, it cut staff by another 2 per cent, or about 200 workers, mainly in its podcast division.
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
A minivan slammed into a Long Island nail salon Friday, killing four people and injuring 9, a Suffolk County fire official said.
Premier Doug Ford has removed a member of his caucus due to what he’s describing as 'serious lapses in judgment.' In a statement released Friday morning, the premier’s office said MPP Goldie Ghamari had been removed from the Progressive Conservative caucus 'effective immediately.'
Lt.-Gen. Jennie Carignan will be named Canada's new Chief of the Defence Staff, CTV News has learned, making her the first woman to lead the Canadian Armed Forces.
Millions of people who take multivitamins everyday may not be reaping the perceived health benefits, according to new research published in the Journal of the American Medical Association.
Marriage might be the oldest institution in the world, but it's struggling to adapt to the pressures of modern life. Registered psychologist Adisa Azubuike explains why it's more difficult today.
Six people have been charged in a provincial human trafficking investigation that identified five survivors from Greater Sudbury.
Workers discovered human remains at recycling facility in New Westminster, B.C., on Thursday, CTV News has learned.
Macklin Celebrini is a member of the San Jose Sharks after the club selected the centre from Vancouver with the top pick at the 2024 NHL draft.
A judge has approved a $9.5-million settlement for complainants in a class action lawsuit that accused the Calgary Stampede of allowing a performance school staffer to sexually abuse young boys.
A recent slide of ore at a gold mine in central Yukon was the second such failure this year, the territorial government said.
Billionaire businessman Frank Stronach stands charged with sexually assaulting seven additional complainants from 1977 to as recently as February, court documents filed Friday show, bringing the total number of accusers in his case to 10.
Workers discovered human remains at recycling facility in New Westminster, B.C., on Thursday, CTV News has learned.
Nearly a decade behind schedule, the Canadian military’s long-promised naval refuelling station in the High Arctic could open as early as this summer, albeit with restrictions on the facility's operations and serious questions about its long-term viability.
The northeast’s only remaining supervised consumption site, Safe Health Site Timmins, is shutting down its safe consumption services at the end of the month.
A minivan slammed into a Long Island nail salon Friday, killing four people and injuring 9, a Suffolk County fire official said.
U.S. President Joe Biden's halting debate performance has led some in his own party to begin questioning whether he should be replaced on the ballot before November.
A Texas jury on Friday found a driver guilty of intoxication manslaughter over the deaths of eight people who were struck by an SUV that plowed into a crowded bus stop outside a migrant shelter on the U.S.-Mexico border.
U.S. Vice President Kamala Harris knew she had to go to bat for President Joe Biden as devastating reviews of the president's debate performance rolled in late Thursday night, aiming to strike a balance between sounding reasonable about the president’s performance while also hammering home the contrast between the two candidates, two sources told CNN.
Two NASA astronauts will stay longer at the International Space Station as engineers troubleshoot problems on Boeing's new space capsule that cropped up on the trip there. NASA on Friday did not set a return date until testing on the ground was complete and said the astronauts were safe.
As many as 125 Atlantic white-sided dolphins became stranded Friday on Cape Cod and at least 10 died, prompting an intensive rescue effort, according to an animal rescue organization.
Lt.-Gen. Jennie Carignan will be named Canada's new Chief of the Defence Staff, CTV News has learned, making her the first woman to lead the Canadian Armed Forces.
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
Hot on the heels of the Conservatives' stunning byelection victory in the riding of Toronto—St. Paul's, new seat projection data from Nanos Research show ridings considered previously safe for the Liberals are increasingly up for grabs.
Millions of people who take multivitamins everyday may not be reaping the perceived health benefits, according to new research published in the Journal of the American Medical Association.
A vaccine-fearing father has been ordered not to discuss the HPV vaccine – or even the human papillomavirus itself – with his children after losing a battle against their mother in B.C. Supreme Court.
If you could make sunscreen with items found in your kitchen pantry, should you do it? Posts from social media influencers and bloggers including recipes to make your own sunscreen have been wildly circulated online, but the dermatologists who spoke to CTVNews.ca call it a 'horrible idea.'
Two NASA astronauts will stay longer at the International Space Station as engineers troubleshoot problems on Boeing's new space capsule that cropped up on the trip there. NASA on Friday did not set a return date until testing on the ground was complete and said the astronauts were safe.
Called 2024 MK, the space rock will make its closest approach to Earth Saturday morning, passing by at about three-quarters the distance from Earth to the moon. It was first spotted two weeks ago by a South African observatory and is about 393 feet to 853 feet (120 metres to 260 metres) wide.
Has your iPhone screen cracked, or does your MacBook battery not charge like it used to? Instead of sending it in to an Apple repair centre or scheduling an appointment with a Genius Bar, Canadians will soon be able to fix their own devices at home.
A court ruling on Friday put an involuntary manslaughter case against Alec Baldwin on track for trial in early July as a judge denied a request to dismiss the case on complaints that key evidence was damaged by the FBI during forensic testing.
While the Nicole Kidman-Zac Efron pairing should provoke curiosity, the tired beats of this romantic (and only occasional) comedy don’t rub together well enough to generate many sparks.
Eagles singer Don Henley filed a lawsuit in New York on Friday seeking the return of his handwritten notes and song lyrics from the band's hit 'Hotel California' album.
The strike at the Cargill Dunlop meat processing plant in Guelph, Ont. has now entered its second month. We find out how farmers are coping with the disruption.
Nike will roll out new US$100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back on track.
Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
Marriage might be the oldest institution in the world, but it's struggling to adapt to the pressures of modern life. Registered psychologist Adisa Azubuike explains why it's more difficult today.
Wells Fargo analyst Zachary Fadem went out to Chipotle to do some investigative work. Fadem and his team ordered and weighed 75 burrito bowls with white rice, black beans, chicken, pico de gallo, cheese and lettuce across eight Chipotle locations in New York City.
For all the time I spend digging, planting, pulling and weeding, one would think I’d have some poison ivy horror stories to tell, but I do not. I can’t say for sure whether I’m immune to the rash that tortures so many of my fellow gardeners or if I’ve just been lucky, but one thing is for sure: The plant does pose a serious problem for many who come into contact with it.
Macklin Celebrini is a member of the San Jose Sharks after the club selected the centre from Vancouver with the top pick at the 2024 NHL draft.
Corey Conners isn't promoting a new putter or golf brand with his newest commercial. He's lending his name and prestige to promote fire safety across Ontario.
Argentina coach Lionel Scaloni has been suspended for one match and will miss his team's last Copa America group match against Peru on Saturday.
It used to be cash was king and that you could get a better deal if you paid for a car in full, but now many dealers want you to finance your purchase so they can make more money.
Several stolen vehicles believed to have been used in organized and serious crime, including one homicide, have been found in Alberta during an investigation into an auto theft ring.
Data from Statistics Canada suggests that a vehicle is stolen every five minutes in the country. Now, police are investigating whether there's a connection between when and where a vehicle was last serviced, and the date it was stolen, they revealed to CTV National News.
A grandfather and grandson duo proudly graduated alongside each other at the same northern Manitoba school.
A large basking shark was captured close to the shoreline on Nova Scotia's Eastern Shore.
The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
The Winnipeg Art Gallery- Qaumajuq recently discovered that one piece in its collection is a fake and part of a massive art forgery ring that included more than 1,500 pieces.
Six-year-old Bruce Arthur Chang is the new grand champion of Canada in the UCMAS math competition, and says he is hoping to make a mark on the international stage.
Harold Brenton Anderson, who wore high heels for decades in Halifax and loved to travel, has died.
An Ottawa cat has morphed into a TikTok star, as he's slimming down from weighing 43 pounds.
Bill Neald is still living out his passion of playing baseball at the age of 90 in Regina’s Senior Mixed Slo-Pitch League.
Just months away from taking over as the police of jurisdiction, the Surrey Police Service is putting up some cash in hopes of recruiting more officers.
Authorities are asking witnesses to come forward after a man was found fatally injured beneath an overpass in North Vancouver, B.C., last weekend.
A former real estate agent committed professional misconduct when he failed to inform provincial licensing authorities that he had been charged with crimes, the B.C. Financial Services Authority has ruled.
The non-profit group which runs Toronto's oldest operating movie theatre says it will remain open after receiving a court injunction halting an eviction next week.
Billionaire businessman Frank Stronach stands charged with sexually assaulting seven additional complainants from 1977 to as recently as February, court documents filed Friday show, bringing the total number of accusers in his case to 10.
The Ontario government says it is cracking down on fraudulent tow truck drivers with a new certification requirement it calls a first among Canada's provinces.
The Calgary Flames selected defenceman Zayne Parekh with the ninth overall pick in the NHL draft Friday night.
A judge has approved a $9.5-million settlement for complainants in a class action lawsuit that accused the Calgary Stampede of allowing a performance school staffer to sexually abuse young boys.
City of Calgary officials warned residents about letting up on their conservation efforts at Friday's afternoon update regarding ongoing feeder main repairs and water restrictions.
More than 100 people in Ottawa's west-end are in the process of receiving eviction notices to vacate their 50-year-old apartment building for renovations.
It's a big moment for Ottawa Valley hockey player Dean Letourneau, who is expected to be selected in tonight's NHL draft.
Ontario Premier Doug Ford has removed Carleton MPP Goldie Ghamari as a member of the Progressive Conservative caucus due to "serious lapses in judgement."
Three people are dead after a fiery crash involving a large truck and three other vehicles north of Montreal Friday afternoon.
The Montreal Canadiens selected forward Ivan Demidov fifth overall in the NHL Entry Draft on Friday night at The Spere in Las Vegas.
Montreal's Jewish General Hospital finds itself at the heart of a class action lawsuit for sexual abuse allegedly committed against children by two former social workers employed by its Child Psychiatry Department, Gino Londei and Steve Trowbridge.
Edmonton police on Friday said they're investigating several incidents in which objects were thrown at vehicles on Whitemud Drive on the city's west end.
This year's Ponoka Stampede parade marked the first time Premier Danielle Smith and new Alberta NDP leader Naheed Nenshi attended the same event since Nenshi won his party's leadership contest nearly a week ago.
Police say charges are pending after a boy was killed and his mother and sister were injured in a crash in south Edmonton on Thursday.
The Irving Shipbuilding shipyard has started cutting steel for the next fleet of the Royal Canadian Navy’s next generation of warships.
The Fredericton Police Force has laid three charges against a Fredericton man in connection with an alleged assault in a public parking lot on Wednesday.
A birthday celebration turned into a nightmare for a same-sex couple in downtown Halifax on Saturday after they got into a violent altercation with a group of men.
A $586-million plan to widen and improve a section of Route 90 has cleared a hurdle at city hall, though it still remains unclear how the upgrades will be paid for.
Not a day goes by when Scott and Amanda Cadman don’t think about their son Kirk.
Some parts of the province got as much as 52 millimetres of rain Friday.
A new domestic violence resource card initiative is taking the lead in Yorkton and is quickly expanding in southern Saskatchewan.
Frustration is growing amongst the public and members of Regina city council as marathon meetings drag on.
An 80-year-old Moose Jaw man who was reported missing earlier this week has been found dead.
Drama is usually reserved for the Stratford Festival stage, but on Thursday night, it played out at Stratford City Hall.
A Kitchener woman was taken to hospital after her Kawasaki motorcycle was involved in a collision with a Dodge pickup truck in Cambridge.
The strike at the Cargill Dunlop meat processing plant in Guelph, Ont. has now entered its second month. We find out how farmers are coping with the disruption.
Following a 12-hour marathon meeting on Thursday which saw nearly 50 speakers both in favour and against the fund, councillors were back at City Hall Friday to ask administration what they were being faced with and vote on the changes.
The Saskatoon Fire Department is investigating the cause of a house explosion Thursday night.
A Saskatoon staple, Nestor's bakery, which was founded nearly a century ago and has served Ukrainian baked goods on 20th street, will be changing ownership.
Six people have been charged in a provincial human trafficking investigation that identified five survivors from Greater Sudbury.
A Greater Sudbury senior says she will be homeless after being evicted from her apartment.
Anyone travelling along Highway 64 near Lavigne, Ont., should be on the lookout for bison crossing the road.
The sentencing hearing for a London man found guilty of crashing a stolen pick-up truck and killing a woman has been delayed. Earlier this year 39-year-old Shawn Tinning plead guilty to criminal negligence causing death and leaving the scene of a crash.
City council has delayed the expansion of outreach service that provides basic needs to Londoners experiencing homelessness because the timeline to receive new federal funding for the program remains unknown.
Western University says its patience is wearing thin. It also says it’s exploring options to shut down a pro-Palestinian protest on campus. In its latest message to the community, Western says it’s grappling with concerning and illegal behaviours.
A Notice to Terminate posted on the front door of a downtown Barrie establishment shortly after its closure states the owner owes thousands in rent and utilities, but the owner argues he paid for more than his fair share before closing up shop.
The woman who nearly died in a crash involving an impaired driver on Highway 26 in Springwater in 2022 gave an emotional victim impact statement on Friday.
Police are warning the public about an ongoing scam involving fake promises and guarantees that can ultimately result in loss of money.
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
Andrea Cavallini is one of 52 competitors at the Hobie Fishing World Championships in the town of Tecumseh. He is here from Tuscany, Italy and caught a 21 inch bass this morning, one of the biggest catches of the day.
Another small business in downtown Wheatley has reopened it's doors nearly 3 years after the 2021 hydrogen sulfide gas leak explosion.
A 44-year-old man is dead after he was struck by a vehicle early Friday morning in Courtenay, B.C.
A vaccine-fearing father has been ordered not to discuss the HPV vaccine – or even the human papillomavirus itself – with his children after losing a battle against their mother in B.C. Supreme Court.
Nearly a decade behind schedule, the Canadian military’s long-promised naval refuelling station in the High Arctic could open as early as this summer, albeit with restrictions on the facility's operations and serious questions about its long-term viability.
Mounties in Kelowna say a suspect is at large after a man was stabbed in the city Sunday afternoon.
Police are remaining tight-lipped about a woman’s death in a Kelowna park on Friday.
Police have identified a man found dead in B.C.’s Interior last weekend as Donald “Donnie” Lyons.
Plenty of tourists will descend on Lethbridge to see what the city offers. Locals, too, will have no shortage of activities this weekend.
The 122-year-old Raymond Stampede is set to get underway this weekend, but this year’s event will occur at a new location.
A picture of rage and determination among COVID-19 protesters at the border blockade at Coutts, Alta., was spelled out in text messages shown Thursday at a murder-conspiracy trial.
The Northern Ontario Music and Film Awards have returned for the first time in four years to celebrate arts in the region.
A wanted suspect who tried to flee police in Sault Ste. Ste Marie on Thursday has been charged with numerous offences after police seized a large cache of drugs.
Two hunters from northwestern Ontario have been fined a total of $9,500 in connection with a deer hunt two years ago.
A judge dismissed all sexual misconduct charges against a Newfoundland lawyer Thursday, saying repeated inconsistencies and falsehoods in the complainant's accounts eroded her credibility and left him unable to believe her allegations.
With rain coming down in central Labrador and temperatures dropping, the wildfire near Churchill Falls has been downgraded, although fire officials say there's still work to be done to keep the flames at bay.
The wildfire that forced the evacuation of Churchill Falls remains three kilometres from the community as the premier of Newfoundland and Labrador signalled cautious optimism.
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