The Information reported that the American multimedia instant messaging app, SnapChat, allegedly used “approximately 20 product managers” to accelerate productivity” Has been fired.
A series of employee departures have come after furloughs over the past few months as the company undergoes restructuring.
However, the scale of this change is much smaller than last year when the company fired 1,300 employees.
A company spokesman told Engadget that job cuts were aimed at speeding up the decision-making process as fired people between lower-level employees and top-level managers Were.
Another possible reason for the dismissal is to reduce costs used as a resource for the company’s “basic priorities.”
According to the publication, Snapchat announced a 5% increase in its revenue during the third quarter of 2023.
The company’s revenue rose for the first time in six months to $ 1.19 billion.
However، The advertising business has not yet recovered as Snapchat has sent its investors on social networks due to the influx of misinformation amid the war situation in the Middle East Warning of a downturn in advertising activities.
It is pertinent to note that job losses will have no effect on SnapChat products or features.
