Discord Announces Largest Layoff Yet, Cuts 17% of Workforce in Strategic Move

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Discord Announces Largest Layoff, Cuts 17% of Workforce

Discord Latest Tech Company to Go for Mass Layoffs, Confirms Firing 17% of Workforce

Discord CEO Jason Citron Informs Staff of Latest Job Cuts

Discord CEO Jason Citron, in an all-hands meeting, informed his staffers about the latest job cuts and shared an internal memo citing that the decision of layoffs is to ‘sharpen our focus and improve the way we work together to bring more agility to our organisation.’ The official memo, as seen by The Verge, further reveals that the layoffs will impact 170 people across various departments of the company.

Reasons Behind the Layoffs and Impact on Other Tech Companies

Reportedly, the reason behind the job cuts is not just to save costs but also potentially due to over hiring. In his memo to staff, Citron revealed that the company’s headcount has increased significantly in the last few years. ‘We grew quickly and expanded our workforce even faster, increasing by 5x since 2020,’ he wrote. ‘As a result, we took on more projects and became less efficient in how we operated.’

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Furthermore, the latest layoffs from Discord also follow the recent trend of layoffs by Google that continue to sweep across the tech industry, including deep cuts at Google and Amazon just this week. Google announced layoffs of around a few hundred employees across the hardware division, the digital assistant, and the engineering teams.

Impact on Other Tech Companies and Emerging Trend

All these layoffs are said to be part of cost-cutting and restructuring efforts. While the number of impacted employees is comparatively low compared to last year’s mass layoffs, these newly announced layoffs appear to be an alarming indicator of an emerging trend reminiscent of what we witnessed last year.

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