Capitalism!

It fucking sucks!

This is the best summary I could come up with:

Discord is laying off 17 percent of its staff, a move that CEO Jason Citron said is meant to “sharpen our focus and improve the way we work together to bring more agility to our organization.”

Based on Citron’s message to employees and my understanding of the business, Discord isn’t in dire financial straits, though it has yet to become profitable and is still trying to revive user growth after a surge during the pandemic.

In his memo to employees, which you can read in full below, Citron said Discord grew its headcount too fast over the last few years — an admission that has become quite common among tech CEOs as of late.

These cuts are Discord’s largest to date after the messaging app laid off 4 percent of staff last August.

They add to the layoffs that continue to sweep across the tech industry, including deep cuts at Google and Amazon just this week.

The company has been contemplating going public since it turned down a $12 billion acquisition offer from Microsoft in 2021, though I’m told it’s nowhere near close to doing so.

The original article contains 289 words, the summary contains 186 words. Saved 36%. I'm a bot and I'm open source!

Definitely not getting linux video streaming now

I'd look for something else but it's not as if my friends are there. Yay vendor lock-in !

I use Matrix already 3 years now

Shocked that discord employed 1k people tbh.