In shocking news to its employees, SoundCloud, the digital music service provider, has decided to shut down its offices in San Francisco and London making roughly 41% of its staff unemployed.
Though SoundCloud had already talked about the possibility of a financial shortfall in January of this year, the company’s announcement of its cost-cutting move on Thursday came as a surprise. As per the report, the cost-cutting exercise will see as many as 173 of the 420 employees laid off. After the move, the operation of the company will be consolidated at its headquarters in Berlin and another office in New York only. However, the company is calling the layoffs as a way to have a better financial footing that will help it to compete against larger rivals – Spotify and Apple. In a blog post published on SoundCloud’s website, its co-founder and chief executive officer (CEO) Alex Ljung said that they need to ensure their path to a long-term and independent success. The CEO explained about the cuts that its goal is to remain a standalone business. By reducing costs while continuing on its revenue growth, the company is on the path to profitability and thereby ensure company’s independent future, as per a report.
Do you use SoundCloud? How would you feel if the service went away or was merged into another service? Let us know in the comments below.
“its”, no apostrophe. And good morning.
Well spotted that man, hello
Good morning!
Hello, hello!
Giving Panther in the Dollhouse a listen, and I think it’s really good!
@Janet, your prize is now in the mail and should be with you soon
Panther in the Dollhouse is certainly a more interesting version of “bull in the china shop”, which in an interview one of the pair (Melissa I think) mentioned was the basic meaning.
Hooray, mail! Something to look forward to!
Good morning everyone!
Hi Justin
Hello people in OurBasement. Happy Monday!
Ever wonder what happened to Dirty Beaches? I did.
https://daily.bandcamp.com/2017/07/10/alex-zhang-hungtai-dirty-beaches-interview/
Cool article.
I thought so too Russ.
cool article, where? I would like to read it
Garf, linked to just above.
As to Soundcloud, I have used it some but won’t miss it much if it vanishes. I would be really annoyed if I was an artist with music on there though. I certainly don’t see as many artists using it to share their music as there used to be.
Yeah, it sucks for the artists.
I am feeling a bit in limbo here waiting for the Polaris Short List to cme out. After months of mostly listening for Polaris, I am a bit scattered on what I want to listen to. Oh right, there was a Polaris podcast I was going to listen to with Cadence Weapon on it and hosted by Lana.
http://feeds.soundcloud.com/users/soundcloud:users:114211541/sounds.rss
And look, it is on soundcloud.
That podcast was a good one. Lana Gay and Cadence Weapon chatting about his music, Polaris, Owen Pallet, Destroyer and more. Awesome.
You guys don’t do a very good job of entertaining me I must say.
sorry,eh
I am lonely down in here in my dungeon with nobody to talk to. Pick it up a little, we’re dying in here.
What would you like to talk about?
Nothing now. I have to go home. Ha! Night Garf.
g’night