Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by forward1 on Thursday December 07, 2023 @10:52AM (#38557724)

I used to have this attitude in my early 30s when I first made >500k. I thought I was indestructable, irreplacable and had an ego to match it. What a humbling experience it was to be laid off, in fact I think it was one of the best things to have happened to me. My relationship to work and business is much healthier now. I just smile at the silly games tech employers and their staff play.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by _boffin_ on Thursday December 07, 2023 @10:53AM (#38557743)

How did your perspective change and what changed moving forward?

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by forward1 on Thursday December 07, 2023 @11:12AM (#38558040)

I told the CISO he was an idiot who didn't understand security (in front of many peers), because we disagreed on implementation. Soon after I was fired for "violating company policy".

I realized being right is not the most important thing in the world, certainly not more important than being employed. The other lesson was to never involve myself in office politics again: it is irrelevant and ultimately lowers your standing in an organization.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by glimshe on Thursday December 07, 2023 @11:47AM (#38558589)

Another lesson you missed: don't be disrespectful to coworkers, including bosses. You are not entitled to offending people in a work environment.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by ac2u on Thursday December 07, 2023 @12:17PM (#38559038)

Just because he/she didn't explicitly type it doesn't mean they missed the lesson.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by apwell23 on Thursday December 07, 2023 @06:27PM (#38563229)

Thats a lesson that you have to learn at work?

How does one get away in life being disprespetful to ppl you interact with. I don't get it.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by HDThoreaun on Thursday December 07, 2023 @08:34PM (#38564296)

> The other lesson was to never involve myself in office politics again

Yea I think the real lesson here is 1. treat people with respect even when you vehemently disagree and 2. You were really bad at office politics. The entire name of the game in politics is to piss off the least number of people possible.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by Racing0461 on Thursday December 07, 2023 @09:13PM (#38564578)

So you were fired, not laid off. If you're a wagie (even making 500k) i would just smile and collect the paychecks.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by haliskerbas on Thursday December 07, 2023 @11:00AM (#38557858)

What’s your TC now?

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by forward1 on Thursday December 07, 2023 @11:07AM (#38557960)

A few years on, it's 650, so I actually did myself a favor getting fired, even though at the time I was filled with regret and resentment. In retrospect, the job was miserable and I was acting out because I was deeply unhappy.

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by circlefavshape on Thursday December 07, 2023 @12:25PM (#38559146)

Whoa holy crap that's a lot of money. Who are you working for?

[ Parent | on HN ]

Re:Spotify CFO cashes in £7.2M in shares after value surges ... by wikibob on Thursday December 07, 2023 @12:37PM (#38559285)

That’s standard or a little bit low for a staff engineer at FAANG and top tier tech.

See https://www.levels.fyi/blog/2023-mid-year-report.html

[ Parent | on HN ]