With 40% of employees laid off, what now for SoundCloud?
Posted on: 7 juillet 2017, by : Stuart Dredge

It seems contradictory to describe SoundCloud’s announcement yesterday that it was laying off 173 staff as a shock but not necessarily a surprise.
That has been the most common sentiment in the responses to the news however: sadness and shock about the sudden scale of the layoffs, but less surprise that SoundCloud needed to reduce its costs, after a long period of uncertainty about the streaming service’s future.
We’ve had some clarity on how the layoffs compare to the overall headcount at SoundCloud, with Bloomberg noting that the company had 420 employees before the news – meaning that 40% of its staff will be leaving as part of the cuts.
The post With 40% of employees laid off, what now for SoundCloud? appeared first on Music Ally.
Source: Music ally

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