Spotify, the world’s largest music streaming platform, announced Monday its third round of layoffs in less than a year cutting 17% of its almost 9,000-strong workforce despite a $71 million third-quarter profit, citing a need to cut costs. File photo by Monika Graff/UPI Dec. 4 (UPI) — Music streaming giant Spotify announced Monday its third round of layoffs in less than a year cutting 17% of its almost 9,000-strong workforce despite a $71 million third-quarter profit, citing a need to cut costs amid a slowing economy. The headcount reduction, which amounts to around 1,500 people, was necessary to make the company leaner and more efficient in line with Spotify’s future goals and ensure
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