Snapchat plans to stop employees in the near future
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| Snapchat |
Snap, the Snapchat parent company, plans to laid off its employees. According to information from two people who know the plan.
Termination of employment (employee layoffs) is planned after the company recently announced disappointing income results. It was stated, SNAP's share price was in its lowest position.
Quoting The Verge, Tuesday (9/8/2022), it is not yet known how many SNAP employees will be laid off. However, SNAP has more than 6,000 employees. Now, managers throughout the team are still calculating the number of employees to be laid off.
SNAP spokesman, Russ Caditz-Peck, refused to comment on this information.
For your information, the SNAP business is indeed in a quite difficult situation for two things. First, because Apple introduces a request tool so that the application does not track information (asking app not to track). Most iPhone owners choose "Yes", which makes it difficult for companies like snaps to track them.
Second, the economic crisis. This causes lower prices for Snap and other companies. SNAP only posted one profit per quarter since the IPO in 2017.
Previously, SNAP dismissed employees in 2018, when SNAP had not recovered from the impact of poor application development. Since then, the Snapchat user base has developed to 347 million daily users, overtaking Twitter. Despite the large number of users, the company is still struggling to build a large and profitable business.
Sanp's efforts to sell hardware such as a selfie drone for $ 230 failed. Snap CEO Evan Spiegel told employees that the company would cut the recruitment and cut the costs.
Snap is not the only technology company that stops its employees. Twitter, Tiktok, and many other technology companies have announced that they will dismiss employees or not employ them for the next few months.
In fact, a bigger and more profitable Snap competitor, meta, is making downsizer and warning for a more difficult agreement in the future.
According to The Wall Street Journal, reported by Engadget on Monday, November 7, 2022, Twitter said less than 100 employees were dismissed and only the recruitment team was affected. In Posting LinkedIn, Ingrid Johnson, a senior technical recruiter on Twitter, wrote that it was a very difficult day.
"There are people who lose their jobs after working for more than 10 years," he wrote.
"This will be a terrible story if Twitter decides to sue Elon and spend billions of dollars to control unfair price labels to those who give their lives to build a company," he said.
Twitter previously announced the recruitment as part of a broader effort to reduce the costs associated with the completion of Elon Musk's acquisition.
Twitter is not the only technology company that recently cuts jobs or stops employees. Meta even claimed to slow down its recruitment because of the economic crisis.
In addition, Netflix, Unity, Coinbase, Paypal, and Tesla also recently laid off their employees.
On the other hand, Elon Musk announced he canceled buying Twitter for USD 44 billion or around Rp 659 trillion.
The CEO of Tesla said, Twitter had made a misleading statement of the number of spam bots on the social networking platform.
"Sometimes Twitter ignores Elon Musk's request, sometimes rejects it for reasons that seem unjustified," wrote Musk's lawyer, Mike Ringler, as quoted by NPR, Saturday (9/7/2022).
Termination of employment (employee layoffs) is planned after the company recently announced disappointing income results. It was stated, SNAP's share price was in its lowest position.
Quoting The Verge, Tuesday (9/8/2022), it is not yet known how many SNAP employees will be laid off. However, SNAP has more than 6,000 employees. Now, managers throughout the team are still calculating the number of employees to be laid off.
SNAP spokesman, Russ Caditz-Peck, refused to comment on this information.
For your information, the SNAP business is indeed in a quite difficult situation for two things. First, because Apple introduces a request tool so that the application does not track information (asking app not to track). Most iPhone owners choose "Yes", which makes it difficult for companies like snaps to track them.
Second, the economic crisis. This causes lower prices for Snap and other companies. SNAP only posted one profit per quarter since the IPO in 2017.
Previously, SNAP dismissed employees in 2018, when SNAP had not recovered from the impact of poor application development. Since then, the Snapchat user base has developed to 347 million daily users, overtaking Twitter. Despite the large number of users, the company is still struggling to build a large and profitable business.
Sanp's efforts to sell hardware such as a selfie drone for $ 230 failed. Snap CEO Evan Spiegel told employees that the company would cut the recruitment and cut the costs.
Snap is not the only technology company that stops its employees. Twitter, Tiktok, and many other technology companies have announced that they will dismiss employees or not employ them for the next few months.
In fact, a bigger and more profitable Snap competitor, meta, is making downsizer and warning for a more difficult agreement in the future.
Regarding the dismissal of technology workers in the company, Twitter has fired or dismissed nearly 100 workers. The company cut its recruitment team by 30%, including recruiters and staff responsible for recruiting new employees.
According to The Wall Street Journal, reported by Engadget on Monday, November 7, 2022, Twitter said less than 100 employees were dismissed and only the recruitment team was affected. In Posting LinkedIn, Ingrid Johnson, a senior technical recruiter on Twitter, wrote that it was a very difficult day.
"There are people who lose their jobs after working for more than 10 years," he wrote.
"This will be a terrible story if Twitter decides to sue Elon and spend billions of dollars to control unfair price labels to those who give their lives to build a company," he said.
Twitter previously announced the recruitment as part of a broader effort to reduce the costs associated with the completion of Elon Musk's acquisition.
Twitter is not the only technology company that recently cuts jobs or stops employees. Meta even claimed to slow down its recruitment because of the economic crisis.
In addition, Netflix, Unity, Coinbase, Paypal, and Tesla also recently laid off their employees.
On the other hand, Elon Musk announced he canceled buying Twitter for USD 44 billion or around Rp 659 trillion.
The CEO of Tesla said, Twitter had made a misleading statement of the number of spam bots on the social networking platform.
"Sometimes Twitter ignores Elon Musk's request, sometimes rejects it for reasons that seem unjustified," wrote Musk's lawyer, Mike Ringler, as quoted by NPR, Saturday (9/7/2022).
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