Spotify Technology SA (NYSE:SPOT) has been in the news spotlight lately for restructuring efforts underway at the company. In what can be termed as a market-moving event, Spotify’s CEODaniel Ek announced significant organizational changes, including reducing the company’s headcount by approximately 17%. Spotify’s recent earnings were positive. However, its cost structure remaining too high prompted this downsizing decision. Spotify tried out various cost-cutting measures over the recent past, but none have been effective enough to fulfill the company’s objectives and vision. Eventually, the co…

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