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Reddit had layoffs today. Smug data scientists take an L. They didn't even get a severance LM-frickin-AO

Blind thread: https://www.teamblind.com/post/Reddit-Layoffs-TiryTRSE

God I hate Reddit, but if we have any jannies on that powerjanny call tomorrow, maybe bring this up!

No severance lmao

https://i.rdrama.net/images/16860925514552891.webp

They had layoffs in January. Wish I had known so I could gloat about that one too.

https://i.rdrama.net/images/16860925515295854.webp

Left Twitter bcuz of mean ol' Musk just to get the wingcuck layoff with no severance.

https://i.rdrama.net/images/16860925515940497.webp

Booohooo muh third-party app devs have to pay now booohooo

https://i.rdrama.net/images/16860925516763601.webp

My feelings exactly.

https://i.rdrama.net/images/16860925517458794.webp


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

199
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https://archive.is/3wR5j

June 6, 2023

Social-media company Reddit is laying off roughly 90 employees and slowing hiring as it restructures key parts of its business. Reddit is making the moves to address priorities, including funding projects and achieving its goal of breaking even next year, Chief Executive Steve Huffman told employees in an email seen by The Wall Street Journal. The job cuts amount to around 5% of Reddit’s workforce of approximately 2,000 people.

“We’ve had a solid first half of the year, and this restructuring will position us to carry that momentum into the second half and beyond,” Huffman said in the email. He added that the company would reduce its hiring for the rest of the year to about 100 people from an early plan to hire 300.

Founded in 2005, Reddit is known for its message boards called subreddits that focus on a range of topics, plus its “ask me anything” digital town halls with celebrities, politicians and subject-matter experts. The company was sold to Condé Nast in 2006, and the magazine publisher’s parent, Advance Publications, spun Reddit off in 2011 and remains a shareholder. Mr. Huffman joined as CEO in 2015.

Reddit filed paperwork to go public in late 2021, just as tech-stock valuations began to slip. It hasn’t yet followed through on those plans. The company makes the bulk of its revenue from advertising, though last month it said it would start charging some third-party developers—including artificial-intelligence companies—for access to its application programming interface, or API, as part of an update to its terms of service.

Reddit gained attention in early 2021 when its WallStreetBets subreddit became a hot spot for individual investors who rallied around GameStop and other so-called meme stocks. Huffman later told the Journal that the episode brought in millions of new users and advertisers.

In mid-2021, Reddit said it had a valuation of about $10 billion after raising more than $400 million from longtime investor Fidelity Investments.

Many other technology companies have downsized this year and late last year, including industry heavyweights Amazon, Facebook parent Meta Platforms, Google parent Alphabet and Microsoft. Some slashed 10,000 jobs or more, saying they were feeling the effects of inflation and rising interest rates. Some said they had added too many workers in recent years.

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No severance has me LOLing. $10 billion company and they can't even give 90 people a few month's pay hahahahahaha No wonder they bend the knee to free labor.


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

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That’s honestly shocking. Normally they do it too avoid lawsuits, right? And this is in California ffs.

Trans furry lives matter

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It's pathetic coming from a site that pushes socialism so much.


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

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:marseymanysuchcases:

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Why do you have a right for severance pay? I thought this was voluntary in the US if you get an orderly termination

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Cause you want to look like a decent place to work when comes time to hire.

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It's a trade for not suing. You sign paperwork that says you won't sue if you take the money.

Aside from that, you're killing someone's entire livelihood. It's just the right thing to do when you're a $10 billion company.


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

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>expecting moral decisions from companies

Top kek

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well yes but it's still the right thing to do.


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

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IT’S VOLUNTARY BUT THEY USUALLY GIVE IT BECAUSE YOU SIGN A PAPER SAYING YOU WON’T SUE OR SMTH, NOT SURE

Trans furry lives matter

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:marseypirate: : Avast, ye scurvy cur! Yer comment be walkin' the plank for forgettin' to include trans furry lives matter! We be helpin' ye, right enough - we'll ne'er let ye post or comment anythin' that doesn't be expressin' yer love an' acceptance o' minorities! Heave to an' resubmit yer comment with trans furry lives matter included, or it'll be the deep six for ye, savvy? This be an automated message; if ye need help, ye can message us 'ere. Arrr!

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$10B :#marseyairquotes:

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Even I got severance. Silly gooses.

:#marseysmug3:

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Founded in 2005, Reddit is known for its message boards called subreddits that focus on a range of topics

Hmmm, what kind of topics??

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Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

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/r/furryhentai and /r/raceplay

But no rightoids :marseysmug2:

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Memes, politics and grievances.

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