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Reddit to lay off about 5% of workforce (www.livemint.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 28 points 2 years ago (1 children)

Totally a sign of an ultra-successful IPO!

[–] [email protected] 18 points 2 years ago (2 children)

The fucked up thing is that it kind of is...layoffs of this kind almost always have a positive impact on stock prices, which is why they do them. Gotta love capitalism!

[–] [email protected] 10 points 2 years ago

Yeah, upon reflection you are right... this looks to be Reddit saying "notice me, potential shareholders, I'm so efficient!"

[–] [email protected] 8 points 2 years ago

Disgusting, this is is why this system needs to die, infinite growth is unsustainable, like a cancer, fucking over people is seen as a good thing for "business", how infuriating.