Discord has become a mainstay for many online communities in recent years, but its relative success hasn't shielded the platform from the financial woes Discord is laying off 17% of staff, or 170 people.

Discord lays off 170 people, blames growing too quickly | TechCrunch::Discord has become a mainstay for many online communities in recent years, but its relative success hasn’t shielded the platform from the financial woes Discord is laying off 17% of staff, or 170 people.

  • Etterra@lemmy.worldEnglish
    68·
    11 months ago

    So basically… they’re doing so well that they have to fire people. Cool story Discord. Out of curiosity how much are your Executives getting paid?

    • LufyCZ@lemmy.worldEnglish
      31·
      11 months ago

      If you read at least the summary from the bot, you’d see that discord isn’t and never was profitable.

      I wouldn’t call that “doing too well to fire people”, just means they fucked up and hired more people than they could financially/operationally afford

    • Donut@leminal.spaceEnglish
      20·
      11 months ago

      You can read the internal memo here. They increased their workforce by 400% in 3 years so it was bound to happen.

      The severance package is 5 months of pay plus a week for every year they worked there, and a slew of other things to help the transition to a new job.

    • SkaveRat@discuss.tchncs.deEnglish
      14·
      11 months ago

      growing too quick in the number of employees, not users/revenue.

      We grew quickly and expanded our workforce even faster, increasing by 5x since 2020