More bad news for Snap. According to this recode report the company is dumping approximately 100 employees from the sales department. Snap has had a string of bad luck lately. Hopefully, they can Snap out of it.
Snap is laying off about 100 people, primarily from the company’s sales side.
Imran Khan, the company’s chief strategy officer and the head of all its business operations, said in a statement that these layoffs were part of a planned downsizing that started late last year. Here’s his full statement:
“Over the past two years our company has grown a tremendous amount. Late last year we asked senior leaders across Snap to look closely at their teams to ensure they had the right resources and organizations to support their missions. As a result, new structures have been put in place for Content, Engineering, Sales and many other parts of Snap. These changes reflect our view that tighter integration and closer collaboration between our teams is a critical component of sustainably growing our business. While this process has required us to make some really tough decisions, we believe that rigorously ensuring our team structure always aligns with our goals will make us stronger.”