Snap cuts about 100 employees from advertising side
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Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content.
The cuts total around 100 workers, according to people familiar with the matter, and represent the final step in a restructuring process set in motion in the fourth quarter. The people didn’t want to be identified discussing internal details.
“Late last year we asked senior leaders across Snap to look closely at their teams to ensure they had the right resources and organizations to support their missions,” Imran Khan, Snap’s chief strategy officer, said in a statement. “Tighter integration and closer collaboration between our teams is a critical component of sustainably growing our business.”
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