Amid stiff competition and shifting of attention from users, Snap Inc. has announced another round of layoffs. This round of layoffs impacts around 100 employees. Earlier this month 100 engineers were let go. This was in addition to the 24 employees that were severed in January.
Notable Quotes: “Late last year we asked senior leaders across Snap to look closely at their teams to ensure they had the right resources and organizations to support their missions. Tighter integration and closer collaboration between our teams is a critical component of sustainably growing our business.” – Imran Khan, Snap chief strategy officer