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SoundCloud lays off 40 percent of staff as it commits to remaining independent

<div class="feat-image">(https://9to5mac.files.wordpress.com/2016/02/screen-shot-2016-02-02-at-8-37-43-am.jpg?quality=82&strip=all&w=1600&h=900)</div><p>As its struggles continue, SoundCloud is cutting some 40 percent of its staff according to a new report from Bloomberg. The move comes as the company looks to become profitable amid growing competition from Apple Music and Spotify.</p>
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