Discord has grown to become a mainstay for several social network sites in modern times, but its success that is relative has shielded the platform from the financial woes plaguing the tech industry. This week, Discord is laying off 17% of its staff, or about 170 people.obtained by the VergeIn like other companies making sweeping cuts to their workforces An memo that is internal*), Discord CEO Jason Citron blamed over-hiring — echoing explanations that other tech CEOs have offered for recent layoffs. The cuts were announced during an all-hands meeting on

“We thursday expanded rapidly and extended our workforce even more quickly, increasing by 5x since 2020,” Citron stated into the memo. “As an effect, we took in more jobs and became less efficient in the way we operated. These days, our company is progressively obvious from the must hone our focus and improve method we come together to carry more agility to your company. It’s This That mainly drove the choice to reduce steadily the measurements of our staff.”

Discord Saw growth that is massive pandemic lockdowns, but still isn’t profitable, the Verge reports. Last August, Discord laid off 4% of its staff — nearly 40 employees — as part of a restructuring that is company-wide. Lots of the slices impacted those in advertising, entertainment and design partnerships.

It’s been a week that is particularly brutal technology layoffs; within the last few couple of days, game motor Unity slashed 1,800 tasks, Amazon-owned Twitch let go around 500 staff members and Amazon release “several hundreds” of Prime movie and MGM Studios staff. Audible, the audiobook business additionally had by Amazon, slashed 5% of their workforce.(*)