Your EDM
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
No Result
View All Result
Your EDM
No Result
View All Result
Home EDM News

SoundCloud Makes Major Cutbacks, Slashes 40% of Workers and Closes London, San Francisco Offices

by Karlie Powell
July 6, 2017
in EDM News, Tech
soundcloud

As SoundCloud remains one of the best music services for finding and sharing new tracks, the company is facing some real financial issues — resulting in a drastic, 40% slash of its workforce announced today.

The cost-cutting move means offices in London and San Francisco will shut down, and SoundCloud will consolidate operations between the remaining New York and Berlin offices. The company, at risk of running out of money, informed employees that 173 of 420 jobs will be cut.

“We need to ensure our path to long-term, independent success,” Alex Ljung, the company’s co-founder and chief executive officer, said according to Bloomberg. He revealed that with the cutbacks and doubled revenue over the past 12 months, things are looking up for SoundCloud.

“By reducing our costs and continuing our revenue growth, we’re on our path to profitability and in control of SoundCloud’s independent future.”

SoundCloud has been widely adopted by upcoming and established artists alike, and utilized by music lovers of all genres, especially electronic dance music and hip hop — it’d be a shame for it to end without a fair fight.

 

Sources: Music Business Worldwide, Bloomberg

Tags: FinanceMusic Discoverymusic sharingmusic streamingsoundcloud
Previous Post

Zedd Releases Long-Awaited Collab With One Direction’s Liam Payne, “Get Low”

Next Post

SPOILER ALERT: Tomorrowland 2017’s Extravagant Stages Begin to Take Shape [PHOTOS]

Karlie Powell

Karlie Powell

Next Post
Premiere: Grandtheft & Delaney Jane Release Steamy Music Video For “Easy Go”

SPOILER ALERT: Tomorrowland 2017's Extravagant Stages Begin to Take Shape [PHOTOS]

No Result
View All Result

Facebook Twitter Instagram Twitch

Our Company

  • Contact Us
  • Join the community

Our Policies

  • Privacy Policy
  • Cookie Policy
  • Terms of Use
© 2020 Your EDM, LLC - All Rights Reserved
No Result
View All Result
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord

© 2020 Your EDM, LLC - All Rights Reserved