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Imgur cut 15 percent of its staff months after Reddit built a competitor

Discussion in 'BlackHat Lounge' started by Iconoclast, Nov 5, 2016.

  1. Iconoclast

    Iconoclast Regular Member

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    Imgur, home to "the most awesome images on the internet," has had a tough year.

    In late May, Reddit ditched Imgur after making its own photo-uploading tool, even though Imgur had long been the popular repository for the funny images that make up Reddit.

    A few months later in August, the company laid off 15% of its workforce, including a large part of its data engineering team as it shifted direction, Business Insider learned. The layoffs have not been previously reported.

    Imgur spokeswoman Michelle Masek confirmed the layoffs, but said it wasn't a direct result of the Reddit's move.

    "We have a great relationship with Reddit and their decision to roll out their own image-uploader wasn’t a surprise; tools for uploading images are a required part of any platform these days," Masek said in an email to Business Insider. "Our decision to eliminate positions wasn’t at all connected to anything Reddit did, it was to better align our resources against our mission of surfacing the world’s most entertaining content and our vision of lifting the world’s spirits for a few moments every day."

    Any thoughts?

    Since lots of people use imgur to get karma points so that they can post in high karma requirement subreddits eg entrepreneur etc

    Source
    Code:
    http://www.businessinsider.com/imgur-lays-off-15-percent-staff-2016-11
     
  2. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    Imgur free traffic days gone.
     
  3. LovePinterest

    LovePinterest Registered Member

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    imgur was basically a reddit clone anyway, reddit should never have let them build up so much..
     
  4. shaqsquash

    shaqsquash BANNED BANNED

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    It was only a matter of time. Imgur has a very shaky business model heavily reliant on Reddit traffic. Not hard for Reddit to copy their platform for themselves and cut out the middle man.
     
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  5. mns27

    mns27 Registered Member

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    Interesting news. Didn't heard about this one.