The Fate Of SoundCloud Doesn’t Sound Promising, According to Its Employees

SoundCloud recently did some major cleaning house, closing
offices in San Francisco and London, and slashing 40% of its
workers.



The move, according to SoundCloud, was to ensure “long-term” success, but
some say the fate of the music streaming service isn’t so
optimistic. In a detailed report, TechCrunch dives into the reality
of what’s really going on with the company.

Sources at SoundCloud revealed to TechCrunch that founders Alex Ljung
and Eric Wahlforrs straight up confessed the mass amount of
layoffs only buys them time “until Q4” — so, “long-term”
suddenly becomes “50 days.” SoundCloud PR also confirmed the
same timeline, but also mentioned the company is looking into
investors.

When TechCrunch asked about the
morale of the team, an anonymous employee of SoundCloud
said, “It’s pretty shitty. Pretty somber. I know people
who didn’t get the axe are actually quitting. The people saved
from this are jumping ship. The morale is really low.”

Another from a different office described the situation as “a
shitshow.”

Yikes. Another scary factor: the death of SoundCloud could mean
the world’s biggest collection of independent music will
completely vanish off the internet forever.

 

Source: TechCrunch

The Fate Of SoundCloud Doesn’t Sound Promising, According to Its Employees