This might be a very sad news for all the music lovers out there. Around the start of this month, SoundCloud’s co-founder Alex Ljun announced that his company will be laying off 40% of its staff (almost 173 employees).
The company, which is renowned for their music-based online services, will also be closing down their offices in San Francisco and London, while their main offices in Berlin and New York will remain open.
“We need to ensure our path to long-term, independent success. And inorder to do this, it requires cost cutting,” said Alex Ljun.
SoundCloud is a free service for the most part, they also launched a paid service called SoundCloud Go which allows artists to get paid, making the app ad-free and also offer offline music playback.
So it means we soon be going to say goodbye to SoundCloud. Or maybe we can still pray for a miracle. All the music lovers are recommended to save their playlist.