SoundCloud To Fire 20 Percent Of Its Workforce
SoundCloud is a company that has gone through a ton of changes since its inception. Now, the streaming platform has a revenue model for artists, and they are quite proud of what they’ve been able to build. SoundCloud has had a huge role in the development of hip-hop, and for many, the success of SoundCloud is pivotal to the entire music industry.


As for the employees, they have already been made aware of these changes thanks to a memo from the company’s CEO Michael Weissman.
“Today’s change positions SoundCloud for the long run and puts us on a path to sustained profitability,” the email reads. “We have already begun to make prudent financial decisions across the company and that now extends to a reduction to our team.”


Companies like SoundCloud are under a lot of stress, so it is easy to see how decisions like this have to be made. Unfortunately, it comes at the expense of hard-working individuals.
[Via]