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Discord lays off 170 people, blames growing too quickly | TechCrunch (techcrunch.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] Silinde@lemmy.world 8 points 10 months ago

How the fuck does a chat program justify a workforce of one thousand employees in the first place?! How do they expect to ever get in the green when they're spending that much money on staff?

Is their entire business model to just endlessly pull in V.C. money and "grow" until they can't get investors on board anymore? Actually, don't answer that one, I assume that's how almost every tech company works these days, and at some point it's all going to crash.