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SoundCloud co-founders (and even its CEO) knew months in advance about massive layoffs. So why did they continue posting new jobs? Meet Winnie Ngo. A software engineer, she has proficiency in JS, Ruby, SQL, and full stack. SoundCloud has recently featured her in their Twitter page. Ngo explains how her interest in tech took off […]
The post Despite Layoffs, SoundCloud Is Actively Posting New Jobs appeared first on Digital Music News.
SoundCloud’s employees were ‘shocked’ and blind-sided by massive layoffs last week. But why were repeated warnings from financial institutions ignored? 173 employees let go. Two offices shut down. Artists furiously downloading their collections and collecting fan emails. A CEO battling media outlets spilling the beans. But should we really be surprised? Turns out that wild overspending and monetization problems have […]
The post In February of 2016, KPMG Issued an Urgent Warning About SoundCloud’s Finances. It Was Ignored. appeared first on Digital Music News.
SoundCloud CEO Alex Ljung is battling back against persistent shutdown rumors. Just last week, the company laid off 173 employees and shut down two offices. Just this afternoon, the embattled chief issued this official statement. ________________________________________________________________ SoundCloud is here to stay. Hey everyone, There’s an insane amount of noise about SoundCloud in the world right […]
The post SoundCloud’s CEO Officially Responds to Bankruptcy Shutdown Rumors appeared first on Digital Music News.
SoundCloud CEO Alex Ljung is battling back against persistent shutdown rumors. Just last week, the company laid off 173 employees and shut down two offices. Just this afternoon, the embattled chief issued this official statement. ________________________________________________________________ SoundCloud is here to stay. Hey everyone, There’s an insane amount of noise about SoundCloud in the world right […]
The post SoundCloud’s CEO Officially Responds to Bankruptcy Shutdown Rumors appeared first on Digital Music News.
Digital Music News has provided a guide on how to protect your SoundCloud collection before it closes its doors. In the past several months, top executives have jumped ship. Two lavish offices have closed. In one year, it lost 75% of its valuation. It has also dismissed 40% of its staff. Let’s face it: despite […]
The post How to Protect Your SoundCloud Collection Before It Goes ‘Poof’ appeared first on Digital Music News.
The cold reality of watching people lose their jobs at SoundCloud hits the web in spreadsheet form. Top executives have jumped ship. Spotify has walked away from acquisition talks. Google has yet to make a move. Deezer may or may not purchase the company. In a desperate move for cash, the company has asked German […]
The post Here’s a Spreadsheet of 150 Ex-SoundCloud Employees appeared first on Digital Music News.
How much difference will the company’s dramatic downsizing really make to its bottom line?
The post After laying off 173 employees, does SoundCloud really have a ‘path to profitability’? appeared first on Music Business Worldwide.
Was it all avoidable? Wild overspending is partly being blamed as SoundCloud slashes 40% of its workforce and grinds towards bankruptcy. You could say that SoundCloud never had a viable business model. But were they also guilty of some seriously bad business? Accordingly, co-founders Alexander Ljung and Eric Wahlforss are now battling accusations of wild overspending […]
The post These Lavish Office Photos Are Coming Back to Haunt SoundCloud appeared first on Digital Music News.
The situation at SoundCloud is quickly deteriorating, with bankruptcy potentially next. Company CEO Alex Ljung has just announced the layoff of 173 employees. Offices in San Francisco and London will be shutting down immediately. Amidst a bevy of possible buyouts, SoundCloud’s financial system is heading towards implosion. The company has just announced that 173 staffers […]
The post SoundCloud Bankruptcy Nears: 173 People Laid Off; 2 Offices Closed appeared first on Digital Music News.
London and San Fran offices to be closed in dramatic cost-cutting
The post SoundCloud slashes 40% of staff as financial reality hits hard appeared first on Music Business Worldwide.