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Discord is laying off 17 percent of employees
(www.theverge.com)
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this post was submitted on 11 Jan 2024
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As someone who works in tech, it doesn't surprise me. I had a lot of friends get poached 2 years ago with salary increases that shocked me during this blitz on hiring. What surprises me is timing. Some companies recognized the over optimistic forecasting earlier and realized to let folks off a year ago. Some folks are just now getting laid off. I'm. Not sure what led some companies to drag it out vs drop the hammer earlier. Did some see the writing on the wall and choose to cut earlier? Did other folks really try to keep employees hoping things would turn around?
While not as bad as last year, there are lots of layoffs across tech again. Google and Amazon have already had multiple rounds in the last two months, alongside a handful of companies that aren't particularly well-run, like Unity, Duolingo, and now Discord.