Soundcloud cuts workforce by almost half, closes London and San Francisco offices

SoundCloud To Cut 40% of Its Staff As It Continues To Struggle

The work has paid off as they've more than doubled revenue over the last 12 months but to ensure their long-term, independent success, cost-cutting measures were a necessity.

Some of those affected took to Twitter to react - and to advertise their services.

The startup, which was speculated to be worth more than Spotify by TechCrunch just previous year, is also closing its San Fransico hub and is in talks with staff in London about the future of that office.

United Nations designates Hebron tomb revered within Jewish faith as Palestinian heritage site
Hebron was divided between Israeli and Palestinian control under a 1997 agreement which saw Israel withdraw from 80% of the city. Jabari argued that he did not recognize Jewish ties to the Old City.

Founded in 2008, SoundCloud lets users upload music files easily, making it a go-to site both for stars who decide to share tracks for free and emerging artists looking for hassle-free promotion.

On March 27 in Berlin, Eric Wahlforss, cofounder of German music streaming company SoundCloud told an audience of politicos, entrepreneurs, and the media how important the city of London has been to SoundCloud's success. SoundCloud's failure to turn its 175 million unique monthly listeners into a profitable business is nonetheless instructive of the sector's challenging economics.

In a move to stay viable, audio discovery and sharing platform SoundCloud is to cut 173 jobs, or 40pc of its workforce.

Nations Work To Approve Nuclear Weapons Ban
It also bans any transfer or use of nuclear weapons or nuclear explosive devices - and the threat to use such weapons. Many military leaders have said they have no utility as weapons.

In January, SoundCloud said it was at risk of running out of money this year, especially if its subscription service continued to struggle.

SoundCloud had raised $70 million from Twitter in June of 2016, after raising another $35 million of debt financing in January of previous year.

Two SoundCloud employees said the announcement came as a shock, adding that they hadn't anticipated anything like this happening in the near future.

Roger Federer calls for change in rules over pullouts
I have been around and feels like I'm super old, but I'm not. "I tried to find a bit of momentum but I couldn't find any rhythm". The Greek player, Stefanos Tsitsipas however, provided little in the way of opposition despite his best efforts.

FT cited accounts filed in the United Kingdom in January which showed the firm had incurred a 51 million euro loss in 2015 - having risen a third from the previous year.

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