Slashdot: SoundCloud Saved By $170 Million Emergency Funding As CEO Steps Aside
SoundCloud Saved By $170 Million Emergency Funding As CEO Steps Aside
Published on August 12, 2017 at 02:05AM
Last month, SoundCloud announced it was cutting about 40 percent of its staff in a cost-cutting move to help it compete against larger rivals like Spotify and Apple. One week after that announcement, TechCrunch published a report claiming “the layoffs only saved the company enough money to…