Game chat tool developer Discord lays off 17% of its staff
Game chat application developer Discord announced on Thursday that it will lay off 17%, or 170 employees, joining the ranks of more and more technology companies that have announced layoffs at the beginning of 2024. The company's CEO, Jason Citron, said in an internal memo that the layoffs were necessary because Discord needed to improve efficiency after the hiring frenzy of 2020. Since the beginning of 2024, several technology companies have announced layoffs, including Amazon's live streaming site Twitch, game engine giant Unity Software, Japanese cybersecurity company Trend Micro, and Google's parent company Alphabet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Russia: Law recognizing cryptocurrency as property signed by president
Former Federal Reserve Manager Confesses to Insider Trading, Faces 25 Years in Prison
Ethena and Securitize Introduce BlackRock-Backed Stablecoin USDtb in Tokenization Competition
Cardano News: IO’s Journey in Africa – RealFi and Atala PRISM Lead the Way