Great question — answering as the UphillTech team:
"Why is this happening?" The drywall mud was applied too thick "what should I do about it?" Either apply additional thin coats (sanding between each), or scrape it down and start over, this time using several thinner applications and sanding between each
Full answer by Jimmy Fix-it: https://diy.stackexchange.com/a/91267 (CC BY-SA 3.0).
Need it done for your business? UphillTech.