The security ominously filed within SoundCloud’s conference rooms at its offices throughout the globe through the all-hands video interview aired from its Berlin headquarters, the startup’s team found they wouldn’t be drawing the conclusions they needed. Instead, experts at SoundCloud tell News that founders Alex Ljung and Eric Wahlforss announced the layoffs only preserved the company sufficient funds to have runway “until Q4” which opens in just 80 days.
That seems to differ with the statement Ljung published alongside the layoffs, which saw that, “With more center and a need to remember about the long term, gets tough decisions.” The group never considered how short its resources would still last.
Journalists moved out to Ljung and SoundCloud for this News and PR replied to the request repeating Ljung blog post. After being done with the leaked information from the all-hands, SoundCloud PR revealed that, “We are completely funded into Q4,” though it states it’s in discussions with potential investors.
But additional funding would need faith in SoundCloud that its individual staff lacks. When questioned about the morale of the remaining team, one worker who asked to stay anonymous said News “it’s pretty shitty. Moderately cloudy. I know somebody who didn’t get the Axe are actually leaving. The people gathered from this are jumping ship. The confidence is really low.”
Another employee from and another office called the all-hands as “a shitshow” and told “I don’t think that people will stay. The great people at SoundCloud will leave. Eric Wahlforss said something of the SoundCloud ‘family,’ and there occurred laughs. You simply fired 173 people of the family, how are you going to talk about family?”
SoundCloud continues one of the substantial differentiated products in streaming music gratitude to its container of user-created songs uploaded by novice and semi-professional musicians. That content, including personal remixes and hour-plus DJ sets, is dropping from the top streaming opponents like Spotify and Apple. At the same moment, this content issues with copyright problems and SoundCloud has had trouble monetizing it.
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