SoundCloud lays off 8% workforce, seeking further investors and profitability
SoundCloud emphasised that the reductions were intended to position the company on a path to sustained profitability
Stay updated with breaking news from Soundcloud Layoffs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SoundCloud emphasised that the reductions were intended to position the company on a path to sustained profitability
Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 per cent of its workforce, as it plans separate IPOs for its various business groups. �� Alibaba Layoffs: Chinese Tech Giant To Make Significant Job Cuts Amid IPO Plans.
This was announced during a meeting with the employees, led by CEO Eliah Seton. After conducting previous layoffs last year, SoundCloud will be cutting off about 8% of its workforce to seek profitability in the company.
SoundCloud is joining the list of companies reducing its workforce. How many are affected? SoundCloud confirmed that the company is laying off up to 20% of its global workforce due to "challenging economic climate and financial market headwinds," as per Variety.
SoundCloud joins the list of tech companies with recent workforce reductions.