Reddit Laying Off Employees and Slowing Hiring Amid Restructuring 56
Social-media company Reddit is laying off roughly 90 employees and slowing hiring as it restructures key parts of its business. From a report: 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.
"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.
Not laying off anyonye (Score:5, Insightful)
Social-media company Reddit is laying off roughly 90 employees...
"We've had a solid first half of the year...
He added that the company would reduce its hiring for the rest of the year to about 100 people...
That sounds a lot more like simply removing dead weight to me.
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Same old story. Record profits! But we must lay people off.
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We're in the end-game, man. Record profits quarter by quarter or the pundits and the jabberwockies devalue the company to the point where you start to lose investor faith and then it's like jumping a cliff. RECORD PROFITS OR DIE! Or maybe record profits AND die!
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Glad to see your reading comprehension skills are up to snuff. They are loosing money in hopes to actually break even NEXT year....there are no profits little alone record profits....*sigh*
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And their mods.
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Does reddit even have mods on staff? I thought all the subreddit moderation was done by volunteers...
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Literally all they have to do is keep the servers running and stop breaking shit. A skeleton staff could do this.
Reddit is doomed.
Re:Not laying off anyonye (Score:5, Informative)
It a gamble for them because there are several third-party apps that are popular and vastly better than the official one.
There is a lot of chatter about people leaving the site if the new charges go into effect, so it is possible they've killed the business completely.
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Reddit management have decided to play chicken with it's users
No, Reddit is fucking over developers who make third-party apps that need access to Reddit's API.
It has zero affect on anyone who accesses Reddit using a web browser. Which is what you do when you are not retarded and don't insist on doing everything on your phone.
Re:Not laying off anyonye (Score:4, Insightful)
Pretty stupid for a developer to build their entire business on someone else's platform and be 100% dependent on it. Build your house on someone else's property is always a dumb move.
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From what I've heard the official Reddit app is awful though. Reddit seems to be betting people will just shrug and start using it. Enough of them might go away that it makes a difference to Reddit's bottom line.
I suppose we'll find out.
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The most popular app has just 125k users. There are over 850 million active monthly users on Reddit. Less than 1% of active users use a 3rd party app. This is a case of a small minority being very vocal. Reddit knows that, which is why they haven't backed down yet.
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You mean we'll lose the most anal-retentive, obsessive, bureaucratic, megalomaniacal and petty Redditors?
Why didn't Reddit do this sooner?!
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If your numbers are correct, however then yes, Reddit will just ignore the yelling I suppose.
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Pretty stupid for a developer to build their entire business on someone else's platform and be 100% dependent on it. Build your house on someone else's property is always a dumb move.
Literally everything we do is built upon a service of others. If farmers decided to no longer grow crops, and supermarkets decided to no longer sell food we'd all be fucked.
The reality is nearly every developer on the market is dependent on either a platform or software provided by others, let's call it ... operating system. No one is truly independent or unique.
Incidentally you're criticising these developers as if reddit apps are their singular goal and primary business. In reality it's not. Most of the a
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Which is what you do when you are not retarded and don't insist on doing everything on your phone.
Are you from the past?
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Except many people prefer to use Reddit other ways than though the official channels. Why? Because the standard Reddit tools suck, and the third-party developers have been way more responsive adding features to their apps. A major difference is the moderation tools available through the Reddit offerings vs third-party offerings. Large subreddits would be pretty much unmoderatable using the standard tools, so for the most part, mods use the third-party apps since they actually have powerful and useful modera
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Reddit management have decided to play chicken with it's users by charging a massive amount of money for access to the API for third-party apps.
It a gamble for them because there are several third-party apps that are popular and vastly better than the official one.
There is a lot of chatter about people leaving the site if the new charges go into effect, so it is possible they've killed the business completely.
The fact that Musk hasn't managed to kill Twitter yet tells me that established social networks are extremely resilient to copycats.
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"That sounds a lot more like simply removing dead weight to me."
You don't lay off dead weight. You fire dead weight.
By definition, if they're laid off there was not cause to fire them or else they would have been fired.
next stop? (Score:2)
slashdot, digg, metafilter, reddit, we've run through. ycombinator is ok but i'm not really a fan of the majority clientele.
what website are we going to next?
Re:next stop? (Score:4, Funny)
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And yet, we're still using some of them like /. :P I definitely left Digg with its v4.
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I know the kids today want the tiktoks and the other hyperactive noisemakers, so why don't we bring back quickies? That's the same thing. Right?
2000 people? (Score:2)
Ugh what for?
Do they really need that many customer service reps or ad sales people? Or what do all those people do?
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Ugh what for?
Do they really need that many customer service reps or ad sales people? Or what do all those people do?
It's the same old scam. Its all about appearance. Make the company bigger because obviously bigger = more successful.
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Someone modded this as Troll, but, snarky though it may be, it's quite accurate.
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huh? (Score:2)
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Maybe those 90 people are not suited for the job they are hiring for?
Good riddance (Score:3)
Reddit needs to become 2023's instance of Digg.
Reddit: essentially worthless run by obese pedos (Score:2, Troll)
truthhurts002 [slashdot.org]: “didnt know reddit actually had employees, i thought it was just bunch of obese pedo geeks in basements”
You're not wrong. They've actually banned the word groomer, it's ‘Minor Attracted Person’ or ‘Friend of the Playground’
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2008 Preventing Sexual Abuse: Perspectives of Minor-Attracted Persons About Seeking Help [sagepub.com]
The should kick out the facist moderators first (Score:1)
A dictator would be jealous on how much freedom some moderators get in maintaining a Reddit channel.
Free speech as in 'if I don't like what I see I ban you from my channel because I am not open to any deviant opinions or criticism on my Reddit'.
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I was perma-banned from most of the political subreddits, across the entire political spectrum. Every single one, both on the right on on the left, loved their echo chamber and did not tolerate anything that disturbed it - especially facts.
I eventually got my account banned because I said mean things about the recently deceased pope. Saying disparaging remark about the bastard that protected child molesting priests was considered inciting violence.
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Replaced with AI (Score:2)
Reddit is going to replace all employees with AI. But that's so 2023, real old school Web 3.0 thinking. The new wave is in replacing users with AI and at SCALE.
Owned by China (Score:4, Interesting)
After the $300mil investment by Tencent, Reddit became the largest Pro-CCP Chinese language forum, outside of China. CCP literally owns and controls many of the subreddits. The amount of anti-US misinformation is staggering. Anyone who makes a comment that isn't vigorously kissing Xi's arse gets instantly perma-banned and targeted by the 50cent army. I wonder how many Chinese users have had their account info leaked to CCP. The American founders of the company should be in prison for treason.
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Honestly you don't need ownership for that. There's a billion Chinese people all to happy to talk up their very curated view of the world and their government. Any social network not blocked in China which gets the interest and following of the people can form pro China views, especially a place like Reddit where people can startup their own subreddits at a push of a button.
You don't need government corporate ownership for that, just critical mass. You can see the same thing here. There's a shitton of pro-C
small fraction vs. more than half (Score:1)
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Citation needed?
I can't prove it and don't really feel like searching to try to find it right now.... but I'd be VERY surprised if the Twitter situation wasn't ever mentioned in a previous Slashdot story.
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Elon Musk follows Slashdot on twitter [cnet.com] among just 68 other accounts.
Sometimes he retweets, likes, or replies to Slashdot tweets. [twitter.com]
Slashdot avoids posting content that would displease the person who can drive significant traffic to Slashdot via the periodic retweet. Hence, not a single mention on Slashdot of layoffs at twitter after Elon Musk took over the company.