SoundCloud, the ‘YouTube for audio’, cuts 173 jobs, closes San Francisco, London offices
Published on June 30, 2017 in Business • Source: TechCrunch

Key Takeaways from this article

SoundCloud has announced that it's laying off 173 employees and will also be closing offices in San Francisco and London.
The decision has been described by its co-founder & CEO, Alex Ljung, as a cost-cutting measure “to ensure our path to long-term, independent success”.
SoundCloud's net loss in 2015 was a whopping 51 million Euro.