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 Wilshire   ( @Wilshire@beehaw.org )  to Technology · 3 years ago

Reddit to lay off about 5% of workforce

www.livemint.com

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  • cross-posted to:
  • tech@pawb.social
  • technology@lemmy.ml
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Reddit to lay off about 5% of workforce

www.livemint.com

 Wilshire   ( @Wilshire@beehaw.org )  to Technology · 3 years ago
message-square
83
link
fedilink
  • cross-posted to:
  • tech@pawb.social
  • technology@lemmy.ml
Reddit to lay off about 5% of workforce: Report
www.livemint.com
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Reddit is laying off 5% of its workforce and slowing hiring as part of company's restructuring efforts, the report said
  •  arctic pie (he/him)   ( @arcticpiecitylights@beehaw.org ) 
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    3 years ago

    The fucked up thing is that it kind of is…layoffs of this kind almost always have a positive impact on stock prices, which is why they do them. Gotta love capitalism!

    •  Rentlar   ( @Rentlar@beehaw.org ) 
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      3 years ago

      Yeah, upon reflection you are right… this looks to be Reddit saying “notice me, potential shareholders, I’m so efficient!”

    •  XLRV   ( @XLRV@lemmy.ml ) 
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      3 years ago

      Disgusting, this is is why this system needs to die, infinite growth is unsustainable, like a cancer, fucking over people is seen as a good thing for “business”, how infuriating.

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