snap inc

snap inc

Sebastian Miño-Bucheli

Snap Inc.’s trend of growing its user base but failing to adequately monetize them continues.

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Snap Feels the Pain of a Disrupted Digital Ad Market

Snap Inc. plans to lay off about 20% of its 6,400-strong workforce, according to the company.

In May, CEO Evan Spiegel said the social media giant would slow hiring, and warned revenue growth would continue to stall. At the time, Spiegel blamed the app’s downturn on everything from the conflict in Ukraine to inflation and supply chain shortages.

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Photo by James Opas | Modified by Joshua Letona

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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