Spotify's layoffs make sense when you consider its margins and market

Spotify’s layoffs make sense when you consider its margins and market Spotify’s decision to lay off 17% of its staff is the leading technology story of the morning, and I wouldn’t fault you if you were a little confused why it is doing so. After all, the music streaming company just reported positive operating income and nine figures worth of free cash flow in the third quarter. Well, the short answer is: Corporate and market fundamentals. Spotify has grown into a truly massive company. In the third quarter, its revenue...