
Another round of Snapchat layoffs
Snap Inc. is planning more layoffs, the Cheddar streaming news service reports. The report, quoting an unnamed source, says the cuts “will affect less than 10% of Snap’s engineering department and number around 100 people.” The company didn’t comment. If confirmed it would be the third, and biggest, round of layoffs at the Snapchat parent, which had over 3,000 employees as of the end of 2017. Incidentally, Cheddar has broken news about Snapchat before; it recently reported that secrecy-obsessed Snapchat was threatening lawsuits or jail time for employees who leak information to the media. Maybe Cheddar has a tale to tell about the leaks it’s getting, something that involves secret meetings with a source in a parking garage, la Woodward and Bernstein.
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