699

Discord is laying off 17 percent of employees (www.theverge.com)

submitted 10 months ago by testeronious@lemmy.world to c/technology@lemmy.world

153 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] inb4_FoundTheVegan@lemmy.world 110 points 10 months ago

To be clear, I'm not defeneding this pratice but explaining it. This cycle is how large businesses operate to foster growth over time.

Lay off people to tell stock holders they are becoming more efficient.
wait
Hiring spree, announce new features, new directions, hype hype hype
wait
Lay offs! Trimming overhead! Streamlining! Much efficency! Good business!
wait
Hyyyyyyype! Discord announces a plan to replace iMessage, Email and the entire concept of texting! Triples their staff! Such hype!

Rinse, repeat

It's horrific for the employees and a scathing indictment as capitalism as a whole. But, this is how large businesses work, not nessecarily a massive corporate slip up.

Here is a lawyer explaining the "dance steps" that the game industries is doing as of late.

[-] danielbln@lemmy.world 15 points 10 months ago

That may have been true during the lavish times of ZIRP, but I wouldn't expect to see this dance any longer, at least until money is cheap/free again.

[-] Jyek@sh.itjust.works 3 points 10 months ago

Money is always cheap for capitalists. Even the hardest of times is only hard for people without money.

[-] nbafantest@lemmy.world 4 points 10 months ago

This shows a complete misunderstanding of cheap money

[-] PipedLinkBot@feddit.rocks 4 points 10 months ago

Here is an alternative Piped link(s):

Here is a lawyer explaining the "dance steps" that the game industries is doing as of late.

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[-] Reddfugee42@lemmy.world 3 points 10 months ago

UNIONIZE

[-] BlanK0@lemmy.ml 2 points 10 months ago

Damn, this was very insightful. Thx for sharing!!! 😁

this post was submitted on 11 Jan 2024

699 points (98.1% liked)

Technology

59259 readers

1375 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS