"Discord Joins Tech Downsizing Trend, Cuts 17% of Workforce"
TL;DR Summary
Discord is laying off 17% of its workforce, amounting to 170 employees, as part of a move to become more efficient following a hiring surge in 2020. The company, known for its messaging service popular among gamers, joins a growing list of tech firms announcing cuts at the beginning of 2024. Discord's CEO cited the need for efficiency, and the company's valuation dropped amid a contraction in the high-risk tech market. Other tech companies, including Audible, Google's Alphabet, Unity Software, and Trend Micro, have also recently announced layoffs.
- Discord cuts 17% of workforce, joining growing list of tech companies downsizing to start 2024 CNBC
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