Andy Byron, the chief executive of New York-based tech company Astronomer, has resigned from his role after he was spotted embracing an employee at a Coldplay concert, according to a LinkedIn post from the company on Saturday.

Astronomer, a data company headquartered in New York, confirmed on LinkedIn that its CEO, Andy Byron, has stepped down.

"Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met," the company said in a statement.