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the headline is overhyped:

> Reddit said it plans to backfill most of the impacted roles, and may adjust or move staff to other teams. It plans to continue to hire and grow its total headcount in 2023, particularly in engineering, data science, and sales.

> It also just hired its first chief revenue officer, Harold Klaje. "Our business is good, and we're continuing to hire this year and we're opening up new markets," Klaje told Insider in a recent interview. "We kind of ignore the macro-economic trend."

They're using the current economic environment to restructure, let some people go, and hire different people.

Are they hiring more people than they're firing?
The article and the quotes in the GP state that they plan to grow their headcount.
Came here to say this. Good friend at Reddit shared the details. Many teams grew really fast; his did 4x in 2 years. As such, there is tension between the macro economics and teams asking for headcount. The solution is to clean up current talent (move or release), backfill released roles, and continue to grow; just lesser growth rate compared to previous 2 years.