WSJ News Exclusive | Reddit to Lay Off About 90 Employees and Slow Hiring Amid Restructuring
www.wsj.com
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.
  • pie boy (he/him)@lemmy.mlEnglish
    1·
    1 year ago

    I mean, this totally fits the pattern of enshittification and the extraction of all actual value to maximize shareholder returns. Cut costs, make the product shitter, spend less money and claim losses to minimize taxes so that you can MAKE BANK BRO

  • Wintermute@lemmy.villa-straylight.socialEnglish
    01·
    1 year ago

    If you had asked me how many employees Reddit has, I definitely would have guessed a number between 30 and 60 total. What on Earth do all of these people do??