An Interest In:
Web News this Week
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
- April 18, 2024
- April 17, 2024
Some of Our Sources
- Joshua Blankenship
- Smashing Magazine
- Vandelay Design
- FanExtra - PSD
- Noupe
- Stylized Web
- Design Modo
- Android Headlines
- Dev To
- TechPowerUp
Help Webnuz
Referal links:
July 7, 2017 02:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/tAqRpZWehqo/soundcloud-lays-off-nearly-half-its-staff-closes-two-offices
SoundCloud Lays Off Nearly Half Its Staff, Closes Two Offices
An anonymous reader quotes a report from Bloomberg: SoundCloud is cutting about 40 percent of its staff in a cost-cutting move the digital music service says will give it a better financial footing to compete against larger rivals Spotify and Apple. SoundCloud, which in January said it was at risk of running out of money, informed staff on Thursday that 173 jobs would be eliminated. It had 420 employees. The company's operations will be consolidated at its headquarters in Berlin and another office in New York. Offices in San Francisco and London will be shut. "We need to ensure our path to long-term, independent success," Alex Ljung, the company's co-founder and chief executive officer, said in a blog post published on SoundCloud's website. He said the company has doubled its revenue over the past 12 months -- without providing specifics -- and that the cuts put it on a path to profitability.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/tAqRpZWehqo/soundcloud-lays-off-nearly-half-its-staff-closes-two-offices
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot