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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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But isn't Reddit still private?
Well yeah, but we both know they are behaving like a company heading for an attempted IPO.
But that's why I don't think the private vs public company distinction is what matters. When it comes to private, there's a whole class of private equity owned companies that some people won't even consider working at because of the reputation their cost cutting and flip mentality is. It's not a black and white private good public bad because only one has public share holders and exchanges.
It’s definitely not as simple as my quick comment on Lemmy pretends, agreed.