Discord Lays Off 170 Employees Due To Overhiring
Community chat application company, Discord, has laid off 170 employees, or 17 percent of its staff, according to a new report from The Verge. Discord CEO Jason Citron cites overhiring, which has led to the company becoming «less efficient» in how it operates. The layoffs affected people across various departments.
The Verge obtained an internal memo from Citron sent to employees announcing the layoffs, which have already happened. That memo explained why the layoffs were happening, when affected employees would receive the email telling them they no longer have a job, and follow-up meetings for those who remain at Discord.
«We grew quickly and expanded our workforce even faster, increasing by 5x since 2020,» Citron writes in the memo. «As a result, we took on more projects and became less efficient in how we operated. Today, we are increasingly clear on the need to sharpen our focus and improve the way we work together to bring more agility to our organization.
»This is largely what drove the decision to reduce the size of our workforce. While difficult, I am confident this will put us in the best position to continue building a strong and profitable business that delivers amazing products for our users and supports our mission for years to come."
You can read the full internal memo at The Verge here. The Verge writes that Discord raised about $1 billion in funding in total, with more than $700 million «in cash on its balance sheet and the goal to become profitable this year,» according to the publication's sources.
These Discord layoffs follow a heartbreaking trend in these first couple of weeks of 2024. Just this week, we learned video game engine creator Unity is planning to lay off 1800 employees (25 percent of
Read more on gameinformer.com
