Uncredited sources have confirmed that Snap green-lighted its plan to lay off approximately 100 employees until the end of the year. Although Snap announced a major company-wide reorganization, the engineering and marketing department will take the brunt of the hit.
Snap Layoffs – Rooting out Malcontents or Raking in More Profits?
Recently, uncredited sources, but with tied to the company, have uncovered Snap’s plan of reorganizing the company and, as it would appear, the first step is to lay off several hundred employees.
Although the company refused to comment on its plans, it has taken no steps to refute the allegations. According to the plans, by the end of the year, Snap plans of laying off approximately ten percent of the engineering team which means 100 people. Furthermore, it appears that the company’s layoff scheme doesn’t end here with Snap planning to do a little more spring cleaning inside the marketing, content creation, and recruiting divisions.
Note that this isn’t the first time Snap has decided to kick out their employees. According to last year’s report, at the beginning of 2017, the company has decided to sack off dozens of employees from the hardware department. Subsequently, during fall, the company will, again, fire dozens of employees, only this time from the content department.
Last year, the company also announced that the online platform would undergo some cosmetic surgery in order to improve its functionality and to stay ahead of the competition. Though young compared to major players such as Facebook, Snap has approximately 3,000 employees.
As to what prompted Snap to take this course of action, some speculate that this is the company’s way of rooting out the malcontents and underperformers, while others blame Snap’s lavishness. Whatever the case may be, it befalls on managers to identify and recommend individuals by the end of the year.
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