Streaming platform SoundCloud has announced that it will cut 20% of its workforce. The decision has been taken after considering the challenging economic climate and financial market headwinds.
Michael Weissman, SoundCloud’s CEO, stated that affected employees would be notified over the next few days. He also added that the company is going to make reductions to our global team that will impact up to 20% of our company.
While accepting that making changes that affect people is really hard, he asserted that it is extremely important for the challenging economic climate and financial market headwinds. In 2017, the company fired about 40% of its workforce to ensure its long-term and independent success.
According to the CEO, “we are focused towards providing the support and resources to the ones transitioning while at the same time reinforcing our commitment for executing our mission to lead what’s next in music.”
Headquartered in Germany, SoundCloud is a music-sharing website and online audio distribution platform which enables its users to upload, promote, and share audio. It also provides for digital signal processor enabling listeners to stream audio. Founded in 2007, SoundCloud announced its first profitable quarter in 2020. Earlier this year, the company reported an annual revenue run rate of around USD 300 million. Due to the same reasons, other music and content streaming platforms like Spotify and Netflix have also announced job cuts.
Lupin Outlook for the Week (June 03, 2024 – June 07, 2024)

Technically, Lupin share price will see immediate support at 1,553.83 and immediate resistance would be seen at 1,629.93.
If Lupin share price closes below immediate support of 1,553.83, then sharp breakdown can be seen. Lupin share price will see major support at 1,525.12 for the week.
On the positive side, immediate resistance will be seen at 1,629.93. Closing above 1,629.93, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,677.32 for the week.
Trading range for Lupin share price for this week should be between 1,477.73 on down side and 1,706.03 on up side.
Lupin Previous Week High: 1648.6
Lupin Previous Week Low: 1572.5
Lupin Previous Week Range: 76.1 Points
Lupin share price support and resistance for the week (June 03, 2024 – June 07, 2024)
Level Type | Value |
---|---|
Resistance 3 | 1,706.03 |
Resistance 2 | 1,677.32 |
Resistance 1 | 1,629.93 |
Support 1 | 1,553.83 |
Support 2 | 1,525.12 |
Support 3 | 1,477.73 |
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Lupin Outlook for the Week (May 27, 2024 – May 31, 2024)

Technically, Lupin share price will see immediate support at 1,561.00 and immediate resistance would be seen at 1,697.85.
If Lupin share price closes below immediate support of 1,561.00, then sharp breakdown can be seen. Lupin share price will see major support at 1,507.65 for the week.
On the positive side, immediate resistance will be seen at 1,697.85. Closing above 1,697.85, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,781.35 for the week.
Trading range for Lupin share price for this week should be between 1,424.15 on down side and 1,834.70 on up side.
Lupin Previous Week High: 1728
Lupin Previous Week Low: 1591.15
Lupin Previous Week Range: 136.85 Points
Lupin share price support and resistance for the week (May 27, 2024 – May 31, 2024)
Level Type | Value |
---|---|
Resistance 3 | 1,834.70 |
Resistance 2 | 1,781.35 |
Resistance 1 | 1,697.85 |
Support 1 | 1,561.00 |
Support 2 | 1,507.65 |
Support 3 | 1,424.15 |
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Lupin Outlook for the Week (May 20, 2024 – May 24, 2024)

Technically, Lupin share price will see immediate support at 1,604.50 and immediate resistance would be seen at 1,698.50.
If Lupin share price closes below immediate support of 1,604.50, then sharp breakdown can be seen. Lupin share price will see major support at 1,557.25 for the week.
On the positive side, immediate resistance will be seen at 1,698.50. Closing above 1,698.50, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,745.25 for the week.
Trading range for Lupin share price for this week should be between 1,510.50 on down side and 1,792.50 on up side.
Lupin Previous Week High: 1698
Lupin Previous Week Low: 1604
Lupin Previous Week Range: 94 Points
Lupin share price support and resistance for the week (May 20, 2024 – May 24, 2024)
Level Type | Value |
---|---|
Resistance 3 | 1,792.50 |
Resistance 2 | 1,745.25 |
Resistance 1 | 1,698.50 |
Support 1 | 1,604.50 |
Support 2 | 1,557.25 |
Support 3 | 1,510.50 |
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Lupin Outlook for the Week (May 13, 2024 – May 17, 2024)

Technically, Lupin share price will see immediate support at 1,550.03 and immediate resistance would be seen at 1,677.03.
If Lupin share price closes below immediate support of 1,550.03, then sharp breakdown can be seen. Lupin share price will see major support at 1,491.52 for the week.
On the positive side, immediate resistance will be seen at 1,677.03. Closing above 1,677.03, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,745.52 for the week.
Trading range for Lupin share price for this week should be between 1,423.03 on down side and 1,804.03 on up side.
Lupin Previous Week High: 1687
Lupin Previous Week Low: 1560
Lupin Previous Week Range: 127 Points
Lupin share price support and resistance for the week (May 13, 2024 – May 17, 2024)
Level Type | Value |
---|---|
Resistance 3 | 1,804.03 |
Resistance 2 | 1,745.52 |
Resistance 1 | 1,677.03 |
Support 1 | 1,550.03 |
Support 2 | 1,491.52 |
Support 3 | 1,423.03 |
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Lupin Outlook for the Week (May 06, 2024 – May 10, 2024)

Technically, Lupin share price will see immediate support at 1,617.13 and immediate resistance would be seen at 1,687.68.
If Lupin share price closes below immediate support of 1,617.13, then sharp breakdown can be seen. Lupin share price will see major support at 1,579.52 for the week.
On the positive side, immediate resistance will be seen at 1,687.68. Closing above 1,687.68, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,720.62 for the week.
Trading range for Lupin share price for this week should be between 1,546.58 on down side and 1,758.23 on up side.
Lupin Previous Week High: 1683
Lupin Previous Week Low: 1612.45
Lupin Previous Week Range: 70.55 Points
Lupin share price support and resistance for the week (May 06, 2024 – May 10, 2024)
Level Type | Value |
---|---|
Resistance 3 | 1,758.23 |
Resistance 2 | 1,720.62 |
Resistance 1 | 1,687.68 |
Support 1 | 1,617.13 |
Support 2 | 1,579.52 |
Support 3 | 1,546.58 |
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