Reddit expects to lay off 5% of its workforce and reduce its recruitment plan for this year

On June 8th, according to foreign media reports, Reddit is laying off about 5% of its workforce and adjusting its recruitment planReddit CEO Steve Hoffman stated that the company has approximately 2000 full-time employees and the layoffs will involve approximately 90 people, with the aim of streamlining the workforce.In addition, as part of the adjustment strategy, Reddit will also reduce its recruitment plan from 300 new positions to 100

On June 8th, according to foreign media reports, Reddit is laying off about 5% of its workforce and adjusting its recruitment plan

Reddit CEO Steve Hoffman stated that the company has approximately 2000 full-time employees and the layoffs will involve approximately 90 people, with the aim of streamlining the workforce.

In addition, as part of the adjustment strategy, Reddit will also reduce its recruitment plan from 300 new positions to 100.

Hoffman said, "My team and I have reviewed and adjusted our plan for the end of 2024. We performed well in the first half of this year, and this restructuring will enable us to continue this momentum into the second half and beyond

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