Reddit—Reddit laid off 90 employees (5% of workforce) and reduced hiring from 300 to 100 in 2023
Reddit laid off approximately 5% of its workforce, equivalent to 90 employees, in 2023. According to The Wall Street Journal, CEO Steve Huffman said the company would subsequently reduce hiring to about 100 from the initial plan of 300 for the year 2023. The layoffs came shortly before the controversial API pricing changes that sparked community protests, suggesting workforce reduction was part of preparation for the company's IPO.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.572 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)
Evidence (1 signal)
Reddit laid off 90 employees (5%) and cut hiring plan from 300 to 100 in 2023
Reddit laid off approximately 5% of its workforce, equivalent to 90 employees, in 2023. According to The Wall Street Journal, CEO Steve Huffman said the company would reduce hiring to about 100 from the initial plan of 300 for the year 2023. The layoffs came shortly before the controversial API pricing changes that sparked massive community protests, suggesting workforce reduction was part of preparation for the company's planned IPO.