Discord is Laying Off 17 Percent of Employees

Discord is laying off 17 percent of its staff, a move that CEO Jason Citron said is meant to 'sharpen our focus and improve the way we work together to bring more agility to our organization.' From a report: The cuts were announced today to employees in an all-hands meeting and internal memo The Verge has obtained. They'll impact 170 people across various departments.

Based on Citron's message to employees and my understanding of the business, Discord isn't in dire financial straits, though it has yet to become profitable and is still trying to revive user growth after a surge during the pandemic. In his memo to employees, which you can read in full below, Citron said Discord grew its headcount too fast over the last few years -- an admission that has become quite common among tech CEOs as of late. 'We grew quickly and expanded our workforce even faster, increasing by 5x since 2020,' Citron wrote. 'As a result, we took on more projects and became less efficient in how we operated.'

Read more of this story at Slashdot.