• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSNAP

Why Snap Is Laying Off Two Dozen Employees as Problems Persist

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
January 19, 2018, 11:56 AM ET

Snapchat parent company Snap has laid off nearly two dozen workers.

The layoffs, which numbered 22, were across eight different divisions inside Snap, including content, engineering, and partnership, Cheddar reported on Thursday, citing people with knowledge of the company’s moves. Snap subsequently confirmed the layoffs to Cheddar on Thursday.

Snap has come under fire of late after announcing slowing user growth. A revamped app design for its popular Snapchat app, caught the ire of users who said they found its new look and feel confusing. Since September, Snap has laid off approximately 30 people as it tries to rejigger its business and find new opportunities for revenue growth.

Get Data Sheet, Fortune’s technology newsletter

In a memo to employees this week, Snap CEO Evan Spiegel discussed the company’s challenges, according to Cheddar, which obtained a copy. He said that Snap needs to be “scalable” business. He added that building a “bigger” company is “not a competitive advantage.”

“The journey is long, the work is hard, but we have and we will consistently, systematically, out-innovate our competitors with substantially few resources and in far less time,” Spiegel wrote to the employees.

Snap has not commented publicly on the nature of the layoffs, their extent, and whether it plans more cuts.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.