Snap Layoffs

Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.

Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...

Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".

Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?

Meta on Thursday announced that it had appointed Sandhya Devanathan as the Vice President of Meta India. Devanathan will replace Ajit Mohan, who left the Facebook parent to join rival Snap earlier this month. The announcement comes days after Meta announced company-wide layoffs that would affect 13 percent of its workforce.

Snap is reportedly laying off over 20 percent of its workforce in the company’s latest move after losing shares. The company also reportedly confirmed on Tuesday that two of its senior advertising executives have exited. Meanwhile, Netflix has given nod to reports citing that the two former Snap executives will be joining the streaming major for ...

Snap Inc, owner of the popular messaging app Snapchat, is in early stages of planning layoffs, the Verge reported on Monday.

Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans.

Snap made the disclosure in a Securities and Exchange Commission filing, technology website Variety reported late on Saturday.

Citing sources, Cheddar also said that the planned layoffs would be Snap's biggest to date.

According to CNBC, the Snap's management is also evaluating trimming headcount across different teams.

Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.

Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...

Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".

Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?

Meta on Thursday announced that it had appointed Sandhya Devanathan as the Vice President of Meta India. Devanathan will replace Ajit Mohan, who left the Facebook parent to join rival Snap earlier this month. The announcement comes days after Meta announced company-wide layoffs that would affect 13 percent of its workforce.

Snap is reportedly laying off over 20 percent of its workforce in the company’s latest move after losing shares. The company also reportedly confirmed on Tuesday that two of its senior advertising executives have exited. Meanwhile, Netflix has given nod to reports citing that the two former Snap executives will be joining the streaming major for ...

Snap Inc, owner of the popular messaging app Snapchat, is in early stages of planning layoffs, the Verge reported on Monday.

Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans.

Snap made the disclosure in a Securities and Exchange Commission filing, technology website Variety reported late on Saturday.

Citing sources, Cheddar also said that the planned layoffs would be Snap's biggest to date.

According to CNBC, the Snap's management is also evaluating trimming headcount across different teams.