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Discord lays off 170 people, blames growing too quickly | TechCrunch
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this post was submitted on 12 Jan 2024
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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?
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
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.
Aw damn, not growing fast enough... better fire some people.
growing too quick in the number of employees, not users/revenue.