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Less than a year after taking over Snaplab, Mark Randall is leaving Snap Inc, —to start his own company. Randall, who joined Snap in 2016 to head up its Spectacles project, announced his departure in an internal memo obtained by Cheddar . It"s the latest shake-up for the Specs division, which saw layoffs last year, and for the company at large, which has struggled to impress Wall Street since going public last year. [caption id="attachment_12183" align="alignnone" width="1200"]                                       Mark Randall is leaving Snap two years later [/caption] Randall was elevated to vice president of hardware and took over Snaplab from Steve Horowitz in September 2017. A dozen people were also laid off from the division around that time, most of whom worked in marketing. The hardware team, whose efforts up to now have mostly consisted of Spectacles, has been realigned under Sn...

Snapchat will lay off about 120 of its employees in the coming weeks according to according to Business news site Cheddar . Snapchat parent company Snap according to reports intends to report the cuts in the following couple days although internally, according to individuals with a knowledge of the plan and expect to remain anonymous. The cutbacks will number 120 workers which translates to about 10 percent of its engineering department. Snap SVP of Engineering Jerry Hunter messaged workers to affirm the cutbacks after Cheddar initially announced the news on Wednesday. Hunter said in an email that; "Having high-performing, technically excellent, and appropriately aligned teams will be critical to building both a compelling product and a compelling culture for engineers, we want to unleash speed and productivity in our organization, while keeping a high technical bar." On the organisation"s latest earnings call with investors, Snap CEO Evan Spiegel confirmed that his comp...