SoundCloud deletes 173 jobs and close two offices
SoundCloud is 173 of the total of 420 workers redundant and its offices are in San Francisco and London close. Only the offices in New York and Berlin remain open.
Reports that SoundCloud Thursday on his blog.
In march came rumours that SoundCloud money. The company since the summer of last year trying to get more than $ 100 million to pick up, but that failed. Although the turnover according to the company in the past twelve months more than doubled, there are cuts to be made to the long term success to continue.
SoundCloud has roughly 175 million users. Previously, the company was still a value of $ 700 million attributed.
In the first instance, profiled the service, in particular as a place for people to get individual songs to share, but now there is in America also, a payment service that is similar to the offerings of Spotify.