SoundCloud is firing 20 p.c of its world workforce


In this photo illustration the SoundCloud logo seen...
SoundCloud’s CEO despatched out a memo on Wednesday | Picture Illustration by Rafael Henrique/SOPA Photos/LightRocket through Getty Photos

Streaming firm SoundCloud is chopping about 20 p.c of its world workforce. Billboard reported on August third that SoundCloud CEO Michael Weissman informed the employees in an organization memo that the change is usually as a result of present financial local weather. Workers affected can be notified over the subsequent a number of days.

“In the present day’s change positions SoundCloud for the long term and places us on a path to sustained profitability,” Weissman wrote within the memo. “We now have already begun to make prudent monetary selections throughout the corporate and that now extends to a discount to our group.” In an announcement to Billboard, a SoundCloud consultant confirmed the information, and mentioned: “Throughout this troublesome time, we’re targeted on offering the help and sources to…

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