SoundCloud is just one of several digital businesses that have lately announced layoffs or changes in employment plans (Tesla, Substack, Coinbase, and OpenSea, to name a few). Spotify said in a workplace letter in June that it will be decreasing recruiting by 25% and “examining” business “headcount growth.” Other businesses, like Google, Twitter, and Meta, have lately announced hiring slowdowns and freezes, while Apple is apparently planning to halt recruiting in 2023.
