SoundCloud to fire 8% of its US staff over profit concerns: Report

SoundCloud is set to lay off 8% of its workforce in US, or about 40 people, as it aims to turn profitable and attract more investors, LatestLY reported. SoundCloud CEO Eliah Seton reportedly announced the layoffs during a meeting, calling them "simply the hardest thing". The latest layoffs come about nine months after SoundCloud laid off 20% of its workforce.