https://www.reuters.com/technology/reddit-lay-off-about-5-workforce-wsj-2023-06-06/ "June 6 (Reuters) - Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America."
IPO next?
🤞
Engg affected?
90 ppl aint that much just saying
They're also a much smaller company and one can't expect 10K people at a time unlike the Amazons and MSFTs of the world. 5% is the key.
Reddit has already been doing rounds of not-layoff-layoffs and PIPs. Pretty soon the ratio of VPs to ICs is going to be 3:1
They making room for the revenue lost of the api protests that they don’t care about ☠️
Super buggy platform lol
Do the needful, Reddit!
Need that ad revenue and money from awards/profiles. Microtransactions on a news aggregator is wild.
Raise API fees to obnoxious levels. Kill the user base so you could fire people??
Maybe it’s time to try buying Apollo from Christian again.
in related news, r/antiwork has just grown by 90 people
Why
Massive drop in shit poster activity cuz they laid off and busy tryna get a job.