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Technology Snap is laying off about 100 engineers

19:02  08 march  2018
19:02  08 march  2018 Source:   cnbc.com

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Snap is laying off about 100 engineers — nearly 10 percent of the team — CNBC has learned. The company has seen smaller rounds of layoffs in recent months in its marketing, recruiting and content divisions. These layoffs would be Snap 's largest yet and the first to hit the company's engineers .

Snap is about to undergo another round of layoffs , with this one seeing a cut of around 100 engineers , according to Cheddar and CNBC. While that ’s a small portion of Snap ’s total headcount — around 3,000 people — it reportedly represents about 10 percent of the company’s engineering team.

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Snap is laying off about 100 engineers — nearly 10 percent of the team — CNBC has learned.

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Snap Inc. is Laying Off 100 Engineers ! 😧📉 A lot of my videos in the past months have sadly become updates about how poorly Snapchat is doing. When I first

That it 's broadly possible to make money in the world with less headcount than 1800? I'm sure there are hedge funds out there with only 100 employees If the projection you buy into is that you're going to have a billion users, and a business doing billion in sales, you might be less inclined to worry

The company has seen smaller rounds of layoffs in recent months in its marketing, recruiting and content divisions. These layoffs would be Snap's largest yet and the first to hit the company's engineers.

Business news site Cheddar earlier reported the layoffs Wednesday.

The company last month rolled out the redesign of its pioneering photo messaging app. The redesign separated publisher content from content posted by friends and connections.

Snap reported roughly 3,000 employees as of the December quarter and said in its first annual filing that it expected "headcount growth to continue for the foreseeable future."

The company declined to comment.

— CNBC's Anita Balakrishnan contributed to this report.

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