SoundCloud Cuts 40% of Staff, Will Shutter London and San Francisco Offices

SoundCloud, the music-streaming platform that has struggled in its recent efforts to transition from a free service beloved by musicians to a more formal subscription business, is cutting 40% of its staff in an effort to stay afloat, cofounder Alexander Ljung announced in a blog post Thursday (July 6). The company, which warned of impending... Read more » Jem Aswad