Snap reportedly laying off around 100 engineers


Snap is about to undergo another round of layoffs, with this one seeing a cut of around 100 engineers, according to Cheddar and CNBC. While that’s a small portion of Snap’s total headcount — around 3,000 people — it reportedly represents about 10 percent of the company’s engineering team. The cuts are expected to come within a week and will be the first focused on engineering. Snap hasn’t commented on the report.

This is the fourth round of layoffs at Snap in the past year, though the first three were much smaller, affecting a dozen or so people each. The cuts come amid struggles during Snap’s first year as a public company: the service has seen a slow growth rate compared to services like Instagram, which has rapidly expanded its user...

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via The Verge - Tech Posts "http://ift.tt/2HhlpP5"

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