ConsumerDE
SoundCloud Layoffs
May 2023
SoundCloud announced a layoff affecting 8 employees (8% of its workforce) in May 2023. The company operates in the Consumer sector.
People Affected
8
Percentage
8%
Announced Date
May 24, 2023
About
SoundCloud has laid off 8% of its staff as part of efforts to reach profitability this year, following a previous round of layoffs in August last year. CEO Eliah Seton stated this decision is essential to secure the company's future for artists and fans. The layoffs come amid challenges in the music streaming industry, with SoundCloud focusing on partnerships and new features like a vertical feed and fan-engagement tools.
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