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Reddit to lay off about 5% of workforce
(www.livemint.com)
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this post was submitted on 07 Jun 2023
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Technology
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This is also very true. Tech sector has been doing layoffs and admittingly these ones are pretty tiny in comparison to some other places, which is another factor why I think there will be more. And burning cash is quite true, which is part of why their investors are probably pushing hard for them to be ready for an IPO.