Two more tech companies involved in the music industry have been laying off staff this month: Dice and Discord.
Spotify’s latest blog post starts with some big, positive numbers about its podcasting business… before revealing a shakeup and layoffs.
After the departure last month of Raoul Chatterjee, VP Content Partnerships and Operations, Jeff Ponchick, SoundCloud‘s Vice President, Head of Creator has also announced he’s leaving the company.
SoundCloud employees received an email yesterday from CEO Michael Weissman, who told them “we have decided to make reductions to our global team that will impact up to 20% of our company
It seems contradictory to describe SoundCloud’s announcement yesterday that it was laying off 173 staff as a shock but not necessarily a surprise.
That has been the most common sentiment in the responses to the news however: sadness and shock about the sudden scale of the layoffs, but less surprise that SoundCloud needed to reduce its costs, after a long period of uncertainty about the streaming service’s future.
We’ve had some clarity on how the layoffs compare to the overall headcount at SoundCloud, with Bloomberg noting that the company had 420 employees before the news – meaning that 40% of its staff will be leaving as part of the cuts.
A few weeks ago, Slacker Radio’s CEO was telling us that his company was “on the cusp of profitability” while criticising the business models of rivals like Pandora as “just not sustainable”.
Yet this week it’s Slacker Radio which is under the microscope, after the company confirmed a significant round of layoffs.
“Slacker Radio is laying off approximately 25% of the team as part of our ongoing effort to focus on efficiency and accelerate the path towards profitability,” Duncan Orrell-Jones told Hypebot.
Rhapsody and Napster have confirmed a round of layoffs amid reports that the former is closing its San Francisco office.
“As part of our plan to better position Rhapsody/Napster for long-term profitability and accelerated growth in a competitive global market, we have a new, streamlined structure for the company that unfortunately impacts a number of positions across our global offices,” said CEO Mike Davis in a statement provided to Hypebot.
Samsung’s Milk Music is making headlines this week, but not for positive reasons. The music service’s parent division, Media Solutions America, has laid off “dozens” of staff according to Variety, […]
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Yesterday we reported on claims that around 200 staff were being laid off from Beats Electronics, as it moves to complete its acquisition by Apple. Now the two companies have […]
Microsoft is preparing for a new round of job cuts, including some of the company’s “areas of overlap” with Nokia. That’s according to a report on Bloomberg yesterday, which suggested […]
“The show must go on,” explains the slogan on the website of Lively, a startup that’s been recording and distributing concert videos since 2013. Actually, no. The show has come […]