Layoffs hits SoundCloud; Audio streaming platform to fire 8% of its workforce
Image Credit: billboard
Audio streaming platform SoundCloud has reportedly laid off 8 per cent of its workforce as it seeks profitability amid global macroeconomic conditions. The decision mainly affects employees in the US, reports Billboard, citing a representative from SoundCloud. SoundCloud CEO Eliah Seton said in a meeting with employees that layoffs are being made "in order to help the company turn a profit".