Streaming Music Platform SoundCloud to Cut 40 Percent of Staff
In a blog post from SoundCloud co-founder and CEO Alex Ljung last week, SoundCloud announced it would cut 173 jobs and consolidate its team into its Berlin and New York offices, closing its London and San Francisco offices. The job cuts represent approximately 41 percent of the company’s workforce of 420 employees, reported Business Insider. Ljung said the company needs to cut costs and grow advertising and subscription revenue to reach profitability and to remain in control of the streaming music platform’s future.
Streaming Music Platform SoundCloud to Cut 40 Percent of Staff Read More »