Snap Inc. CEO Evan Spiegel told staff in a memo on Wednesday that the company will undergo a major restructuring that includes a 20% reduction of its …
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The Snapchat app maker faces declining sales and in order to reduce costs, the company turned to slashing jobs and cutting back on its work. Thousands of Snap's more than 6,400 employees have been let go. In addition, its recently announced Pixy camera drone has been canceled, along with its Originals video programming and two big features that Snap acquired by way of acquisitions. Read more about the state of Snap and why some employees aren't happy with CEO Evan Spiegel's response.
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Snap is pausing development of Pixy, its $230 flying camera drone that was first announced in April, according to a person familiar with the matter …
Snap boss Evan Spiegel reportedly angered his remaining employees Thursday by framing the company’s recent sweeping layoffs as a chance for them to …
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There’s a multibillion-dollar battle raging for young people’s time online. But first...
Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce, affecting at least 1,200 people. The reasons for Snap’s massive scaling back exercise are perhaps obvious, as it’s the same …
Like Quibi, Facebook Watch, and YouTube Originals that went before it, Snapchat learned it's really hard to create profitable programming. Snap …
Snapchat’s parent company, Snap Inc., is reportedly closing shop on its Web3 ambitions amid recent layoffs that could result in a 20% reduction in …
