SoundCloud cuts, laying off employees and closing two offices

SoundCloud — ya know, that place where you upload your new songs ahead of their release so you can share tracks privately with bloggers — is making some significant cuts: closing their San Francisco and London offices, and laying off 173 employees.

What does this mean? Well, according to a TechCrunch article, it’s not necessarily a doomsday sign, but either a voluntary cost-cutting measure (as SoundCloud claims) or a condition laid down by potential investors. In any event, though they’ve struggled to become profitable, SoundCloud should be around at least for the near future.

Do you use SoundCloud? If so, how? Do you use it only to share tracks, or are you part of an artist community on the platform? Let me know in the comments below.