Snap Inc. Is Reportedly Laying Off Nearly 100 Employees
The technology and social media company is reportedly laying off a chunk of its engineering department.
Snapchat developer Snap Inc. has had more than its fair share of success. Not only did its time-based social media platform earn the company loads of money, it also inspired copycat features from other big-name services like Instagram. The road has had its speedbumps, of course, especially with weak adoption rates of the Spectacles glasses and the abysmal reaction to the latest Snapchat update. Now, Snap Inc. is reportedly trying to rethink its business strategy, and part of that equation looks to involve laying off a number of its own engineers.
According to a report from Tech Crunch, Snap Inc. expects to lay off as many as 100 individuals directly connected to the company's engineering department. Though no specific reasoning behind the decision was given, it's likely that the company's new approach is meant to re-focus its efforts on cameras and photography as a social media platform.
Aside from new efforts toward the popular ephemeral social media service, Snap Inc. is also reportedly interested in releasing a redesigned version of its signature Spectacles model of camera/glasses hybrids. In fact, anyone heading over to the official Snap website will be greeted by the simple statement that "Snap Inc. is a camera company," which may be surprising to those who only know the company through the Snapchat application.
News of these potential layoffs comes in shortly after a surprisingly profitable quarter, which reportedly saw Snap's stock raise substantially following a previous loss in 2017 after the company went public. With a worth somewhere in the ballpark of $22 billion, it's safe to say there's still time for Snap Inc. to find its own direction.
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replyKevin Tucker posted a new article, Snap Inc. Is Reportedly Laying Off Nearly 100 Employees
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Oh snap
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Damnit, you beat me to it.
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Step into my office.
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After watching Horrible Bosses, I don't step into anyone's office without ascertaining as to whether or not they have a remote lock installed.
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Is that on Netflix?
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Unfortunately it isn't.
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But do women get dingleberries?
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This critique is especially bad considering it is a story about a tech company and a huge amount of gamers use Snapchat.
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I would say that none of the gamers I know have the slightest interest in Snapchat. That's anecdotal, but then so is your assertion. :) If this a post was about Discord, sure, that's primarily targeted at gamers.
That said, if you want to realign the ShackNews... news posts to be more evenly split between tech and games, sure thing, totally your decision. However IMO doing so would water down the site's focus more and involves stepping into another heavily competitive, already very thoroughly served market where it's very hard to stand out against established competition. No?
I know that's reading a lot into one post. :) Personally speaking, I don't mind occasional news posts about tech, but it's not what I come to the news section for and it does feel like blurring the focus slightly.-
What is the average age of the gamers you know?
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A fair question! Friends 30s, some cousins in their 20s. It still seems like a fairly tenuous connection given that it’s not traditionally used for gaming, but I know that’s splitting hairs.
I guess my fair question in return is this - while mentions on finance sites drive increases traffic, do you know if it generates much repeat traffic? Or does the increase in visits justify it regardless? Genuinely interested to know! <3
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Being in Google Finance news is a huge win for this site considering I have spent years working on financial news reporting here.
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That attitude will kill this site.
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I think part of the beauty of Shacknews is that we can report on news like this and discuss dingleberries.
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But if you miss the site being on the verge of death, we can go back to writing about staplers.
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"Then they switched from the Swingline to the Boston stapler, but I kept my Swingline stapler because it didn't bind up as much, and I kept the staples for the Swingline stapler and it's not okay because if they take my stapler then I'll, I'll, I'll set Shacknews on fire." Mr Waddams, guest writer for Shacknews, said on Monday.
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