Snapchat to lay off about 100 engineers
The layoffs would be the company's largest yet and the first to affect its engineers
A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. PHOTO: REUTERS
Snapchat parent Snap is laying off nearly 10 per cent of its engineering team, or about 100 people, CNBC reported on Wednesday.
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The layoffs would be Snap’s largest yet and the first to affect its engineers, CNBC said.
Snap declined to comment when contacted by Reuters.
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Business news website Cheddar, which earlier reported the layoffs on Wednesday, said the cuts would be announced internally within a week.
Snapchat overhaul convinces investors it can fight Instagram
The layoffs would be Snap’s largest yet and the first to affect its engineers, CNBC said.
Snap declined to comment when contacted by Reuters.
Snapchat redesign sparks backlash among some users
Business news website Cheddar, which earlier reported the layoffs on Wednesday, said the cuts would be announced internally within a week.