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Jason Citron

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technology2 years ago•1 min saved

"Discord's Rapid Growth Leads to Layoffs of 170 Workers"

Discord, a popular online community platform, is laying off 17% of its staff, or about 170 people, citing over-hiring and the need to improve efficiency. The company's CEO, Jason Citron, attributed the decision to the rapid growth and expansion of the workforce, which led to decreased operational efficiency. Discord, which experienced significant growth during the pandemic, is still not profitable. This move comes amidst a wave of tech industry layoffs, including those at Unity, Twitch, Amazon, and Audible.

via TechCrunch|

#discord #jason-citron #layoffs

technology2 years ago•2 min saved

"Discord's 17% Workforce Reduction Amid Rapid Growth"

Discord, the popular social chat and messaging platform, is cutting 17% of its staff, affecting roughly 170 jobs, as part of a move to "sharpen focus and improve agility." This comes amidst a wave of tech industry layoffs, including those at Google, Amazon, and Meta, as well as gaming companies like Twitch and Unity Software. Discord's founder and CEO, Jason Citron, attributed the layoffs to overhiring and rapid growth, echoing similar moves by other tech leaders in recent years.

via The New York Times|

#discord #gaming #jason-citron

business2 years ago•4 min saved

"Discord's Workforce Reduction: 170 Employees Let Go Amid Company Restructuring"

Discord is laying off 17 percent of its staff, affecting 170 employees across various departments, in an effort to "sharpen focus and improve agility." CEO Jason Citron attributes the decision to rapid growth and inefficiency, with the company aiming to become profitable. Departing employees will receive support including five months of salary, benefit continuation, and outplacement services. Discord, which has raised about $1 billion in funding, has been contemplating going public but is not close to doing so.

via The Verge|

#business #company-restructuring #discord