Totally a sign of an ultra-successful IPO!
this post was submitted on 07 Jun 2023
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The fucked up thing is that it kind of is...layoffs of this kind almost always have a positive impact on stock prices, which is why they do them. Gotta love capitalism!
Yeah, upon reflection you are right... this looks to be Reddit saying "notice me, potential shareholders, I'm so efficient!"
Disgusting, this is is why this system needs to die, infinite growth is unsustainable, like a cancer, fucking over people is seen as a good thing for "business", how infuriating.
The way things are going, they will be laying off many more soon.
Some people have been saying a 2-day blackout isn't going to do much. But if they're struggling financially it will most likely really hurt them.
Hopefully if the 2-day blackout is unsuccessful they'll extend it or plan more blackouts.
I'd imagine so... it makes sense to me to start with 2 days, and then go from there, rather than starting with the "nuclear" option.
Does Reddit have the power to un-blackout the subreddits? I.e. Overrule the mods and open things up? I feel like, as in most cases, there are a modest sized group of high caring individuals that will reject/boycott/cancel reddit, but the majority of users, casual and the ones that make reddit their life, will just continue on, only slightly inconvenienced.
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