Social-media company Reddit will reportedly cut 5% of its workforce, or about 90 employees, and slow hiring more than a year and a half after reportedly...
Social-media company Reddit will reportedly cut 5% of its workforce, or about 90 employees, and slow hiring more than a year and a half after reportedly filing for a confidential initial public offering, according to the Wall Street Journal on Tuesday, citing an internal email sent to employees. Hiring for the year will also be slowed to about 100 new hires, down from a previously estimated 300, Chief Executive Steve Huffman told employees, the WSJ reported.
Social-media company Reddit will reportedly cut 5% of its workforce, or about 90 employees, and slow hiring more than a year and a half after reportedly filing for a confidential initial public offering, according to the Wall Street Journal on Tuesday, citing an internal email sent to employees. Hiring for the year will also be slowed to about 100 new hires, down from a previously estimated 300, Chief Executive Steve Huffman told employees, the WSJ reported.
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