Reddit to Lay Off About 5 Percent of Its Workforce

Reddit to Lay Off About 5 Percent of Its Workforce
The Reddit app is shown on a smartphone on July 13, 2021. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

Reddit said on Tuesday it is laying off about 5 percent of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.

Tech companies including Meta Platforms have been slashing jobs after aggressively hiring during the pandemic, as the industry braces for an economic downturn.