OtherDE

Soundwide Layoffs

January 2023

Soundwide announced a layoff affecting 0 employees (8% of its workforce) in January 2023. The company operates in the Other sector.

People Affected

Percentage

Announced Date

Jan 27, 2023

About

Soundwide, the parent company of music technology brands Native Instruments and iZotope, laid off approximately 8% of its workforce in late January 2023. This reduction, part of broader industry-wide cutbacks affecting tech and media, reflects ongoing restructuring within the company. Soundwide assured customers that product offerings would remain unchanged, though such layoffs often impact support and development. The company has faced significant leadership changes and reorganizations in recent years, culminating in its formation and acquisition of several audio software firms. Amid a challenging economic climate, these cuts align with trends seen at larger tech companies, highlighting the volatility in the music tech sector.