Reddit will reduce its personnel by roughly 5%

Reddit said on Tuesday that it was firing 90 people, or approximately 5% of its staff, joining a series of technological firms that have been reducing employment throughout corporate America.

As the sector prepares for an economic downturn, IT businesses, like Meta Platforms, have started cutting employment after actively hiring during the epidemic.

Last month, Meta, the company that owns Facebook, reduced employment throughout its business and operations divisions as part of the final phase of a three-part layoff wave that was initially intended to cut 10,000 positions.