Reddit to lay off about 5% of workforce: Report

The Wall Street Journal announced this news on Tuesday, citing an email sent to employees by Chief Executive Steve Huffman

Reddit is laying off roughly about 5 per cent of its workforce, or 90 employees, and slowing hiring as part of the social media company's restructuring efforts, the Wall Street Journal reported on Tuesday, citing an email sent to employees by Chief Executive Steve Huffman.

Reddit did not immediately respond to a Reuters request for comment.