In a strategic maneuver to enhance operational efficiency, Discord, the gaming community’s favorite messaging platform, has confirmed a substantial reduction in its workforce. CEO Jason Citron’s internal memo outlines the necessity of this move, following an ambitious hiring surge in 2020.
This 17% cut, affecting 170 employees, marks Discord’s response to the shifting dynamics of the tech industry, grappling with market contractions and challenges unique to high-risk tech companies.
Despite its significant ranking on CNBC’s Disruptor 50 list in 2023 and a valuation of $15 billion during the 2021 tech boom, Discord now faces the need to recalibrate. This bold decision not only mirrors industry trends but positions Discord to adapt and thrive in an ever-evolving technological landscape.