[HN Gopher] Reddit Laying Off About 90 Employees and Slowing Hir...
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       Reddit Laying Off About 90 Employees and Slowing Hiring Amid
       Restructuring
        
       Author : super256
       Score  : 35 points
       Date   : 2023-06-06 19:41 UTC (3 hours ago)
        
 (HTM) web link (www.wsj.com)
 (TXT) w3m dump (www.wsj.com)
        
       | nerdchum wrote:
       | Does anyone know if the new design team is part of that?
        
       | toomuchtodo wrote:
       | https://archive.is/3wR5j
        
       | AndrewKemendo wrote:
       | I mean this is all textbook IPO nonsense:
       | 
       | Pump the revenue however possible (crazy API fees, push for
       | native only) assuming that people have no choice cause it's been
       | so long
       | 
       | Slash anything that isn't directly revenue producing
       | 
       | All to make the P/L look really groovy but more importantly as a
       | loyalty test to your underwriters.
        
       | coverband wrote:
       | I thought they were already working with a very slim headcount?
       | How the heck did they get to 2,000 employees?
        
         | chippiewill wrote:
         | Apparently they got a bit carried away after a fundraising
         | round https://www.theverge.com/2021/2/9/22274077/reddit-
         | funding-ro...
         | 
         | Astonishing really considering Reddit hasn't changed that much
         | since back when they had like 100 employees.
        
           | yunohn wrote:
           | > Astonishing really considering Reddit hasn't changed that
           | much
           | 
           | If I had a dollar for every "X is trivial" comment on HN...
        
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       (page generated 2023-06-06 23:02 UTC)