Reddit is laying off about 5% of its workforce

submitted by [deleted] from finance.yahoo.com

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[–]ShekelPa 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

the remaining 95% are power mods that work for free im sure

[–]jw329 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

They will lay off more soon. Reddit was never profitable. They received money from governments to censor. Governments are running out of money. Reddit needs to make money or be doomed.

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Governments are running out of money.

They just print money and/or raise the debt ceiling.