Reddit announces layoffs and policy changes amid moderator protests

Reddit is laying off 90 employees and reducing hiring plans following a loss last year.
Some Reddit communities are planning to temporarily shut down to protest new API restrictions and fees imposed by Reddit.
Reddit wants third-party apps to pay higher fees to access Reddit data and many smaller developers say the fees are unsustainable.
Unpaid moderators say the changes will reduce tools they rely on and harm communities on Reddit.
The protests come as Reddit has struggled to go public and continues losing money, according to financial filings.