Reddit operates a network of communities where users can discuss, vote, and share content across a wide variety of topics. The company generates revenue primarily through advertising, premium memberships, and awards/tokens within the platform.
Layoff timeline
1 EVENTAccording to The Wall Street Journal, Reddit will cut about 90 employees as part of measures tied to product adjustments while it tests audio and video versions of selected posts. The company began a limited experiment allowing users to listen to or watch content converted from text, available initially on the web and planned for iOS and Android. Reddit framed the test as an assessment of new formats' usefulness, noting the move follows popularity of short-form video content elsewhere; CEO Steve Huffman discussed related trends on the company’s Q2 earnings call. The article reports the approximate headcount reduction (about 90) but gives no specific date, location, or departmental breakdown for the layoffs.
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