In March 2018, Snap, the company behind Snapchat, confirmed that it planned to lay off more than 120 engineers in the following days. It was its second round of layoffs that year and represented approximately 4% of its total workforce of around 3,000 people.
This was the company’s second round of layoffs in 2018.
The company’s first round of layoffs in 2018, carried out in January, affected 22 employees. The company had hired 2,400 people over the previous two years, approximately 100 per month, and its then-CEO, Evan Spiegel, said it planned to moderate team growth in 2018 and “continue making the necessary changes to ensure that everyone in our company is aligned with our values.”
Bloomberg had reported that company employees would not receive cash bonuses after internal targets were missed. Engadget’s coverage suggested a possible connection with Snap’s expectations, without confirming it as the cause of the layoffs. In an email sent to all employees, Vice President of Engineering Jerry Hunter wrote: “We want to improve speed and productivity in our organization while maintaining a high technical bar. That required us to think carefully about the shape of the organization and where each member of our team fits.”
Via: Engadget
