Discord is laying off 17 percent of employees
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Discord is a tool that is already fine the way it is. It does not require more features, it only needs to maintain performance to remain dominant in its niche. It requires no moderation whatsoever. Why did they have such an over-abundance of workforce that they can just casually sack more than a sixth of them?
For tech startups, hiring signifies growth which attracts investors. It's ass-backwards but how it works, so by growing small startups get more capital to run on, even if it makes it less efficient. That said, that's for startups seeking investors and I don't know if discord ever cut any fat from that period.