In the wake of user dissatisfaction with Snapchat’s recent update, and users flocking away from the app, Snapchat parent company Snap, Inc. will be laying off around 100 engineers, reports CNBC.
This will be the largest lay off for Snap in the company’s history, and reportedly the first to affect engineers.
The news aligns with Snap’s efforts to shift away from software as many of its features (and users) are being poached by Instagram and similar apps.
Snap declined to comment.
The announcement is expected to be made internally within the company this week.
via Reuters
This article was first published on Your EDM. Source: REPORT: Snap To Lay Off Around 100 Engineers
from News – Your EDM http://ift.tt/2D86Jzw
SUBSCRIBE TO YOUREDM CHANNEL TODAY.
YOUR EDM provides the inside scoop on the EDM industry.
Subscribe and go DEEP inside the electronic scene.
SPONSORS
Sourced by actual house heads who have supported the EDM scene, music, culture, and vibe collectively for decades Always dedicated to showing love and support for the fellow artists, promoters, and supporters.
House Music is the soul survivor of a murdered disco dynasty. A dynasty that brought freedom of experession through dance and fashion. A definite anti-establishment media HIT job programmed and pushed thru corporate radio. - Jason Ring
ConversionConversion EmoticonEmoticon