Spotify‚ a major player in the music streaming industry‚ announced on Monday a significant reduction in its workforce‚ amounting to 17% of its nearly 9‚000 employees. Despite reporting a $71 million profit in the third quarter‚ the company is undertaking its third round of layoffs in less than a year. This decision‚ cutting around 1‚500… The post Spotify Makes Shock Layoff Announcement‚ Blames ‘Dramatic’ Economic Slowdown‚ Inflation appeared first on The Federalist Papers.