Snap is reportedly cutting 100 engineering jobs

  • · 1078 Views · 
  • Posted 1 month Ago

According to reports, Snap is cutting about 10% of its engineering team, marking its largest layoff round to date. The move is speculated to be part of a realignment strategy from Snapchat, which is seeking to differentiate itself from competitors such as Instagram.

The app also underwent a major redesign a few weeks back, for which it was strongly criticised (including by celebrities such as Kylie Jenner) and which reportedly caused Wall Street investors to downgrade its stock from "neutral" to "sell". Snap's stock now sits a little higher than it did when the company first went public last year.

The company has struggled with growth ever since Facebook rather brazenly introduced some of Snapchat's key features (most notably Stories) into its own apps like Instagram.

Image courtesy of Pixabay

Tags: snapchat