Chance the Rapper to the rescue.

After TechCrunch reported that SoundCloud has fallen on hard times and cut 40 percent of its staff, the Chicago spitter said he's doing something about it.

"I'm working on the SoundCloud thing," tweeted Chance on Thursday (July 13), but he didn't indicate what he plans to do exactly.

Besides the huge layoff, it's been reported that the streaming company only has enough money to last them a little under three months, but a spokesman said that isn't the case.

"There are a number of inaccuracies within the TechCrunch article," the spokesperson said. "They seem to stem from a misinterpretation of information by one or two laid off employees during a recent all hands meeting. Due to extensive number of inaccuracies, we will only comment regarding funding and layoffs. To clarify, SoundCloud is fully funded into the fourth quarter. We continue to be confident the changes made last week put us on our path to profitability and ensure SoundCloud's long-term viability."

"In terms of layoffs," the statement continued, "It is our policy not to discuss individual employee cases, but we continue to work with all employees who were let go to support them during this transition with employment and financial assistance."

Hopefully, the company will figure something out because SoundCloud is home to countless independent musicians who use the service to distribute music to their fans. Check out Chance's tweet below.

25 Striking Hip-Hop Album Covers That Will Make You Appreciate a Rapper's Creative Side

More From TheBoombox