Streaming startup Gimme Radio is shutting down. Is this an example of chilly funding headwinds blowing for other music-tech startups? The post Gimme Radio shuts down as startup funding squeeze starts to bite appeared first on Music Ally. Source: Music ally

Warner Music group is laying off 270 people, but said it’s “not a blanket cost-cutting exercise”. We have some thoughts on the implications. The post WMG lays off 270 people: ‘This is not a blanket cost-cutting exercise’ appeared first on Music Ally. Source: Music ally

Twitch is laying off 400 employees as part of wider cuts announced yesterday by its parent company Amazon. The post Twitch to lose 400 staff as part of latest Amazon layoffs appeared first on Music Ally. Source: Music ally

As 2023’s economic headwinds continue to bite, US satellite radio firm SiriusXM has become the latest company to announce a round of layoffs. The post SiriusXM lays off 8% of staff ‘affecting nearly every department’ appeared first on Music Ally. Source: Music ally

This report aims to provide cut-through on the big issues that we think will dominate 2023. In it, we’ve isolated the innovative ideas from some of the most influential thinkers across the music industry – and then drawn out the key learnings for you to take forward as the year unfolds.  In this report, four key perspectives on the coming […]

Spotify has announced a round of layoffs as part of what CEO Daniel Ek called an effort “to bring our costs more in line”. The post Spotify confirms layoffs and management re-org with Dawn Ostroff departing appeared first on Music Ally. Source: Music ally

Meta, Amazon and Microsoft have recently announced thousands of layoffs, and on Friday it was the turn of Google and YouTube’s parent firm. The post Alphabet cuts 12k jobs as Spotify layoffs speculation emerges appeared first on Music Ally. Source: Music ally

Last time SoundHound pinged our radar, it was preparing plans to go public via a SPAC merger with a $2.1bn valuation. The post Report claims SoundHound has laid off nearly half of its staff appeared first on Music Ally. Source: Music ally

In the wake of TikTok’s ban in India, Moj prospered. However, its parent company ShareChat is having to make cutbacks now. The post Moj parent company ShareChat holds another round of layoffs appeared first on Music Ally. Source: Music ally

Thought you’d heard the last of the UK’s parliamentary inquiry into the economics of music streaming. Soz, but no. The post UK music streaming inquiry returns with follow-up evidence sessions appeared first on Music Ally. Source: Music ally

Amazon may be the next tech giant to lay off thousands of people, according to a report in the New York Times. The post Report: Amazon is preparing to lay off around 10,000 people appeared first on Music Ally. Source: Music ally

A survey by the charity Help Musicians has found 98% of musicians are ‘concerned’ about their ability to earn enough income in the next six months. The post Musicians to suffer from ‘cost of working’ crisis this winter appeared first on Music Ally. Source: Music ally