Music streaming company SoundCloud announced today that they are letting 40 per cent of their staff go to facilitate "reducing our costs and continuing our revenue growth" , according to a blog post from co-founder Alex Ljung.

This action has been on the cards for months, with FastCompany reporting in January that SoundClound faced "the two-pronged challenge of turning its finances around and remaining competitive in an increasingly crowded marketplace".

Ljung maintained that the layoffs were made in an attempt to ensure "long-term, independent success".

Some of those affected took to Twitter to react - and to advertise their services.

If anyone is hiring Data Scientists, ML Engineers, or Backend Engineers, DM me. Berlin or remote. Layoffs at SoundCloud. Many amazing people

— Aaron Levin (@aaronmblevin) July 6, 2017

Sigh. I hope SoundCloud makes it. The most creative web communities have the hardest time building businesses. https://t.co/cnfFG6sazJ

— Anil Dash (@anildash) July 6, 2017

hello m8s — soundcloud just laid me off and im looking for a job (along with 170 of my friends).

anyone hiring? :)

— Nathan James Yates (@NathanJY) July 6, 2017

Best thing you can do you for your team/org right now is hire literally anyone from SoundCloud that just got laid off.

— Brendan Codey (@brendancodey) July 6, 2017

Meanwhile, SoundCloud's employment account on Twitter has posted the following advertisments along with ones for backend testers and engineering managers:

We are now looking for Programmatic Sales Manager, Brand Partnerships #SoundCloudSpirithttps://t.co/4N4iP61DrS #job

— SoundCloud Jobs (@SoundCloudJobs) July 5, 2017

We are now looking for Director, Legal & Business Affairs #SoundCloudSpirithttps://t.co/zxsQjrjjEk #job

— SoundCloud Jobs (@SoundCloudJobs) July 4, 2017

We are now looking for Growth Marketing Manager Are you interested in joining? #SoundCloudSpirithttps://t.co/plTiu444lI #job

— SoundCloud Jobs (@SoundCloudJobs) July 1, 2017

Its offices in London and San Francisco will be closed as part of the move.