Snap is reportedly laying off around 2 dozen employees
Getty
Snap is reportedly laying off around 2 dozen employees, according to reports from Cheddar and The Information on Thursday.
Most of the layoffs are said to come from Snap's team of human editors on its content team, though Cheddar reports some Snap employees based out of its New York and London offices were informed they needed to relocate to Snap's main Los Angeles campus. The layoffs reportedly affect 8 teams across the company.
Spiegel announced the layoffs in a memo obtained by Cheddar, telling employees that while its editorial team is still important, "We also need to have an organization that scales internally. This means that we must become exponentially more productive as we add additional resources and team members."
Snap is currently overhauling its Snapchat app to separate "the social from the media," as Spiegel explained in late November, in an attempt to make its notoriously confusing layout easer to understand and use while increasing its lagging user growth.
Get the latest Snap stock price here.
Next Story
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
From terrace to table: 8 Edible plants you can grow in your home
India fourth largest military spender globally in 2023: SIPRI report
New study forecasts high chance of record-breaking heat and humidity in India in the coming months
Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
Strong domestic demand supporting India's growth: Morgan Stanley
