SoundCloud will reduce its workforce by around 20%, blaming the weak economic environment

As word of layoffs ricochets around the world, SoundCloud will, unfortunately, join the masses. The audio distribution and music sharing platform plan an approximate 20% reduction of its global workforce. SoundCloud CEO Michael Weissman emailed employees, informing them that U.S. and U.K. staff will be notified if they’re impacted over the next few days.
The company told TechCrunch the decision was due to “a significant company transformation and the challenging economic and financial environment.”
SoundCloud added, “During this difficult time, we are focused on providing the support and

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