Against a backdrop of austerity in the once-invincible tech sector, Spotify said it is shedding hundreds of jobs.
Ostroff, a veteran of Conde Nast and the CW, joined the company in 2018.
Premium subscriptions, though, grew more slowly.
Mateusz Slodkowski/SOPA Images/LightRocket via Getty
They reached 195 million, up 13%.
It was the worst year for tech stocks and the entire market since the financial crisis of 2008.
The result has been tens of thousands of layoffs affecting a workforce largely unaccustomed to them.
Microsoft, Alphabet and Amazon have been among the companies announcing cuts in recent weeks.
