So I'm not sure if anyone has been keeping up to date with SoundCloud, but there looks like they're about to take a hammering over the next 6 months.
Last week it was reported on TechCrunch they closed two offices (London and San Francisco) and lost 173 employees last week, being 40% of their staff. People left their jobs when hired by SoundCloud, to then be laid off within weeks of employment. Some of these employees claim that they were not paid for their work, either.
SoundCloud came out yesterday and said there were inaccuracies on Variety.com about the article on TechCrunch. And say they are funded to the fourth quarter of this year, and say they were wanting to "work with" those who were laid off. However, these statements don't actually cover any of the claimed inaccuracies in the article. If anything, they reinforce them.
Either way it looks like SoundCloud might start to tighten their belts even further as the fourth quarter is two months away. It's a shame, as many people have built a following on SC, including companies. All who have paid for the service. Nothings certain at this point. But it looks like users may lose out, and will be on the lookout for a new web avenue for audio content, and exposure.