{"id":119145,"date":"2017-07-15T12:30:41","date_gmt":"2017-07-15T10:30:41","guid":{"rendered":"https:\/\/mygaming.co.za\/news\/?p=119145"},"modified":"2017-07-14T14:27:59","modified_gmt":"2017-07-14T12:27:59","slug":"soundcloud-is-a-sinking-ship","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/119145-soundcloud-is-a-sinking-ship","title":{"rendered":"SoundCloud is a sinking ship"},"content":{"rendered":"<p>Following the announcement last week that\u00a0SoundCloud was\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/business\/218664-soundcloud-cuts-40-of-staff.html\" target=\"_blank\" rel=\"noopener\"><strong>cutting 40% of its staff<\/strong><\/a>, TechCrunch reported that the company has enough money to run for another\u00a0<a href=\"https:\/\/techcrunch.com\/2017\/07\/12\/soundshroud\/\" target=\"_blank\" rel=\"noopener\"><strong>\u201c80 days\u201d<\/strong><\/a>.<\/p>\n<p>The report stated that SoundCloud told employees the savings from the job cuts were only enough to keep the company going \u201cuntil Q4\u201d.<\/p>\n<p>Company founders Alex Ljung and Eric Wahlforss reportedly told staff about the projections in an \u201call-hands video conference broadcast\u201d.<\/p>\n<p>SoundCloud officially stated it is \u201cfully funded into Q4\u201d and is in talks with potential investors.<\/p>\n<h4><strong>Now read:\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/business\/219500-startup-which-rents-desk-space-gets-20-billion-valuation.html\" rel=\"bookmark\">Startup which rents desk space gets $20-billion valuation<\/a><\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Following the announcement last week that\u00a0SoundCloud was\u00a0cutting 40% of its staff, TechCrunch reported that the company has enough money to run for another\u00a0\u201c80 days\u201d.<\/p>\n","protected":false},"author":226,"featured_media":119147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[22571,24789,24787],"class_list":["post-119145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bankrupt","tag-closing","tag-soundcloud"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/119145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=119145"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/119145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/119147"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=119145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=119145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=119145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}