SoundCloud sinks as leaks say layoffs buy little time

 A tense scene unfolded yesterday as user-generated music streaming service SoundCloud held an all-hands meeting to explain to employees why it suddenly had to lay off 40 percent of its staff last week. Exiting team members wanted to know why they weren’t warned, while those that survived the cuts wanted assurance that the cost reductions would keep the company afloat for the long-run. Read More