US-based online forum operator Reddit said it would remove 5% of its workforce and hire fewer employees. The Wall Street Journal first reported the company's decision on Tuesday, citing an email from CEO Steve Huffman. The executive told staff the Reddit layoffs will restructure operations to help the firm break even in 2024. This recent move shows that Reddit is joining a worrying tech industry trend. Amazon, IBM, and other digital companies have laid off workers by the thousands as they struggle against a widespread economic downturn.

https://technology.inquirer.net/124926/reddit-layoffs-will-remove-5-of-employees

#inquirer