Snapchat Parent Company To Lay Off About 120 Engineers In The Coming Days
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...