Internal memo: Discord CEO Jason Citron says the company is laying off 17% of its staff, or 170 people, after growing its workforce “by 5x since 2020”
I continue to ask whether it's incompetence or optimism that's causing deeper cuts now than last year from tech CEOs? — https://www.theverge.com/... @mttaggart@infosec.town : The layoffs are bad, of course. But this 'graph is the cause for concern. … I'm a Discord user, and I understand why it's a reasonable choice for people. But I'm not blind to the massive vulnerability here. Any tech company that is not profitable is ripe for aggressive rent-seeking. … Addie / @EposVox@glitch.lgbt : Greeeeat. Discord announced layoffs too. They inflated nearly 10x over the past few years but still sucks! — https://www.theverge.com/... @HelenG@mastodon.social : Bandcamp, Soundcloud and now Discord. — This will be the only online space I have left to hang out and be annoying to people. — https://www.theverge.com/... Miah Johnson / @miah@hachyderm.io : Heh. Discord is laying off 17% of its staff. — IRC is still free, open source, easy to run, and accessible by all. — https://www.theverge.com/... X: Alex Heath / @alexeheath : Some more unfortunate tech layoff news: Discord is cutting 17% of employees today. “We grew quickly and expanded our workforce even faster, increasing by 5x since 2020,” CEO Jason Citron said in an internal memo. “As a result, we took on more projects and became less efficient in how we operated.” I'm told Discord has more than $700 million in cash on its balance sheet and the goal to become profitable this year. Tom Warren / @tomwarren : we're not even 2 weeks into 2024 and it's clear this year is gonna be full of AI announcements and layoffs @jason : companies have been quietly making cuts in 2023 and heading into 2024 to keep their earning growing You just don't hear about 90% of them because they are performance based and rolling Tom Warren / @tomwarren : Discord is laying off 17 percent of employees 😔 In an internal memo, CEO Jason Citron said the company grew headcount too quickly over the past few years https://www.theverge.com/... Rat King / @mikeisaac : more tech layoffs — discord cuts 17 percent of staff in an announcement to employees this morning — approx 170ish people i believe, per two people familiar Forums: Hacker News : Discord is laying off 17 percent of employees Blind : Discord Layoffs -17% Pushpushh / Blind : Discord is laying off 17 percent of employees