Reddit to Cut About 90 Employees Amid Product Tests
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
According 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.
Reddit cut 90 jobs.
That is roughly 6% of the 1,500 people Reddit employs.
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