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Snap Lays Off Two Dozen Employees

20 January, 2018, 03:45 | Author: Abraham Jackson
  • Image Courtesy Twitter @Snap

Snap has since confirmed these layoffs, which largely affect those on the content teams in the NY and London offices. Cheddar reports that Snap plans to make the redesign available to all users by the end of the first quarter of this year.

Snap laid off two dozen workers in NY and London, half of whom worked producing content, as the struggling social media company consolidated those operations in Los Angeles, CNBC has confirmed. The company boasts 178 million active daily users and an average of 3.5bn snaps are sent every day, statistics indicate.

Snap has gone through several layoffs in the past year, letting go several dozen employees over a couple of rounds in the hardware division and in recruiting in late 2017.

Snap Inc. general counsel Michael O'Sullivan, only months into his tenure with the tech company, is putting internal leakers on blast.

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The memo, which surfaced online, details Spiegel's message on the importance of building an organization that scales internally when it comes to the business. "And that's just the start", O'Sullivan wrote. "This applies to outright leaks and any informal "off the record" conversations with reporters, as well as any confidential information you let slip to people who are not authorized to know that information".

"You can face personal financial liability even if you yourself did not benefit from the leaked information". The company laid off at least one dozen staff members, back in September, but those members were part of the hardware team. "The government, our investors, and other third parties can also seek their own remedies against you for what you disclosed".

Snap representatives did not immediately respond to FOX Business' request for comment.


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