{"id":1201185,"date":"2023-11-09T02:10:10","date_gmt":"2023-11-09T07:10:10","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1201185"},"modified":"2023-11-09T02:10:10","modified_gmt":"2023-11-09T07:10:10","slug":"snap-lays-off-20-product-managers-to-speed-up-decision-making","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1201185","title":{"rendered":"Snap lays off 20 product managers to speed up decision-making"},"content":{"rendered":"

Snap is going through a reorganization and has laid off “nearly 20 product managers,” according to The Information<\/em><\/a>. The job cuts follow a string of departures and position shuffling over the past few months. A company spokesperson told the publication that the layoffs were meant to speed up the company’s decision-making process, presumably because they’d be cutting out people between lower-level employees and higher-level managers. They’re also meant to reduce costs for the company, which could then use the resources for “core priorities.”<\/p>\n

In its recently announced third quarter earnings report, the company said that its revenue rose by 5 percent to $1.19 billion after two quarters of decline. However, its ad business has yet to recover, and it warned<\/a> its investors that advertisers are hitting pause on their social media campaigns due to the current situation in the Middle East. According to Campaign<\/em><\/a>, brands have slowed down their advertising activities on various social networks because of the influx of misinformation regarding the Israel-Hamas war.\u00a0<\/p>\n

<\/p>\n

This round of layoffs isn’t directly linked to any product, though, and no features or offerings are being discontinued as a result. It’s also much smaller in scale than the company’s layoffs last year, which saw 1,300 employees lose their jobs<\/a>. That time, Snap also canceled most of its original shows and put its games and mini-apps into maintenance mode.\u00a0<\/p>\n

This article originally appeared on Engadget at https:\/\/www.engadget.com\/snap-lays-off-20-product-managers-to-speed-up-decision-making-071010069.html?src=rss
\n
\nSource: Engadget – Snap lays off 20 product managers to speed up decision-making<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Snap is going through a reorganization and has laid off “nearly 20 product managers,” according to The Information. The job cuts follow a string of departures and position shuffling over the past few months. A company spokesperson told the publication … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[99,110],"tags":[98],"class_list":["post-1201185","post","type-post","status-publish","format-standard","hentry","category-engadget","category-unfiltered-rss","tag-engadget"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1201185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1201185"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1201185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1201185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1201185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1201185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}