Music streaming company Soundcloud announced that there would be an 8% reduction of its workforce. Obviously, this layoff aims to help SoundCloud in the long run and put it on a path to sustained profitability. The popular platform’s leaders sent a memo to the staff on Tuesday (May 23).
Soundcloud continues to downsize after having to lay off 20% of its workforce last August. However, the company doesn’t shy from the truth. In fact, CEO Eliah Seton noted in an all-hands meeting that the layoffs are being made in order to help the company turn a profit. Here is what she said in the memo :
“This is a challenging but…
