Reddit to lay off 5% of its workforce

Reddit joins a list of technology companies that have been cutting jobs across corporate America. — Reuters

NEW YORK: Reddit says it is laying off about 5% 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.