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Despite recent struggles, SoundCloud says it's 'here to stay'

From Engadget - July 14, 2017

After the meeting, one SoundCloud employee told TechCrunch that morale was "prettys**tty," and said, "I know people who did not get the axe are actually quitting. The people saved from this are jumping ship." Another referred to the meeting as a "shitshow" and said, "I do not believe that people will stay. The good people at SoundCloud will leave. Eric [Wahlforss] said something about the SoundCloud 'family,' and there were laughs. You just fired 173 people of the family, how thef**k are you going to talk about family?"

Other reports from inside SoundCloud depict a messy and irresponsible approach to the situation. The company reportedly continued to hire new employees up to two weeks before the layoff announcement even though during the all-hands it was clear that execs had been preparing for staff cuts for months. And the lack of communication about its financial troubles led some areas of the company to continue unnecessary spending practices like catered lunches and lavish swag for new team members.

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