Reddit used to have three offices (SF – main, Salt Lake City – redditgifts, NYC – ads). They just received $50 million from VC. They also plan on consolidating their offices. Everybody not in San Francisco has until the end of the year to move out there. Spectacularly dumb idea. Some suspect secret layoffs. In fact, it’s a plan to burn through $50 million as quickly as possible. Dumb.