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SoundCloud Announces Layoffs

Discussion in 'Article Discussion' started by Melody Bot, Aug 5, 2022.

  1. Melody Bot Aug 5, 2022
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Billboard:

    “We will be making reductions to our global team that will impact up to 20% of our company,” Weissman wrote in a memo obtained by Billboard. “Making changes that affect people is incredibly hard. But it is one that is necessary given the challenging economic climate and financial market headwinds.”

    “Today’s change positions SoundCloud for the long run and puts us on a path to sustained profitability,” Weissman added. “We have already begun to make prudent financial decisions across the company and that now extends to a reduction to our team.”

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  2. hermanthehermit Aug 6, 2022
    hermanthehermit

    my last.fm Supporter

    Justifying turning peoples' lives upside down over 'sustainable profitability' makes my blood boil every time. Capitalism can get fucked.
     
    Raku likes this.
  3. Yellowcard2006 Aug 9, 2022
    Yellowcard2006

    Trusted

    Ah yes the old "if we cut payroll our profits will increase!" Surely their business model is in no need of adjustment it's those pesky employees sucking the company dry.
     
    hermanthehermit likes this.