Reddit to Cut 5% of Staff, Trim Hiring Amid Restructuring
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Reddit Inc. is cutting its workforce by about 5% and reducing its hiring plans, as the startup refocuses on future growth.
The online forum operator is eliminating around 90 full-time roles, according to a memo sent to staff by Chief Executive Officer Steve Huffman, seen by Bloomberg News. The company has around 2,000 full-time employees. Reddit will also reduce its hiring plans to 100 new roles, down from 300 previously.