New job cuts at Snap

New wave of layoffs at Snap, the fourth in six months. Thursday, 8 march, the mother house of the instant messaging application Snapchat has confirmed the deletion of more than 120 posts of computer engineers, or approximately 4 % of its workforce. Heckled to Wall Street since its debut on the stock in march 2017, the company aims to contain the growth of its spending. According to the specialized site The Information she wants even to become profitable as early as this year.

Also read :

Snapchat : the disappointing results will lead to a redesign of the application

The layoffs of engineers are very rare in the high-tech companies and u.s. Exchange-listed. The direction of Snap ensures, however, that its decision is not motivated by finances, but by the desire to restructure its organization to make it more effective. “We want to unlock the speed and productivity,” says Jerry Hunter, manager of engineering, in a message to employees. He also hopes to correct ” the deficiencies of technology accumulated in recent years “, perhaps a reference to the Android app, still lagging behind.

Wrath of the users

Like this post? Please share to your friends:
Leave a Reply