Not long ago, SoundCloud was one of the fastest-growing and most influential players in the streaming business. Now it is shrinking, and faces an uncertain future in the rapidly consolidating online music market.

On Thursday, SoundCloud announced that it was laying off 173 employees, about 40 percent of its work force. The company will also close its offices in London and San Francisco.

Thoughts?

https://theringer.com/soundcloud-layoffs-streaming-music-experience-338c23400a26

Hope it won't go away soon, just paid for a another year premium for the TrancePodium uploads! Have to admit that Mixcloud is a lot better though.