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A comment on SoundCloud cuts jobs, closes SF and London offices. Parent comment

Re:SoundCloud cuts jobs, closes SF and London offices by Shivetya on Thursday July 06, 2017 @01:01PM (#14711877)
have someone lined up to buy them and removing duplicated jobs to make themselves more appealing?
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Re:SoundCloud cuts jobs, closes SF and London offices by greglindahl on Thursday July 06, 2017 @01:19PM (#14712039)
Normally such layoffs are made when an acquisition closes.
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Re:SoundCloud cuts jobs, closes SF and London offices by rhizome on Thursday July 06, 2017 @04:04PM (#14713437)
They're done in preparation as well, in order to juke the burn rate numbers by reducing overhead. Make no mistake, an acquisition would likely result in further cuts (acq is always bad for the little guy) if not a complete wind-down, but cutting staff historically does make a company more attractive to acquirers.
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