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Photo by Jaap Arriens/NurPhoto via Getty Images

Snap Inc., the parent company of Snapchat, has laid off roughly two people across eight teams. Less than half of the layoffs occurred in content departments, according to sources familiar with the situation. The story was first reported by Cheddar and confirmed by Axios.

Why it matters: Snapchat CEO Evan Spiegel said last year that all managers would be assessing their team sizes and locations, which could mean hiring, cuts or no change. So today's staff cuts and placement decisions, should come as no surprise.

Reports surfaced a few months ago that the company would be laying off some human resources staff as it prepared for slowed hiring in some departments.

Snap has also offered some the opportunity to relocate to the company's L.A. headquarters. Sources say this is part of a strategic move to grow and develop some teams that are managed by executives in Los Angeles.

In a memo to employees obtained by Cheddar, Spiegel argues that "Getting Bigger” is not the same as “Gaining Leverage.”

"Having a scalable business model isn’t enough. We also need to have an organization that scales internally. This means that we must become exponentially more productive as we add additional resources and team members."

Go deeper

Ina Fried, author of Login
10 mins ago - Technology

Report: China will dominate AI unless U.S. invests more

Photo illustration: Axios Visuals. Photo: Krisztian Bocsi/Bloomberg via Getty Images

The U.S., which once had a dominant head start in artificial intelligence, now has just a few year's lead on China and risks being overtaken unless government steps in, according to a new report to Congress and the White House.

Why it matters: Former Google CEO Eric Schmidt, who chaired the committee that issued the report, tells Axios that the U.S. risks dire consequences if it fails to both invest in key technologies and fully integrate AI into the military.

Americans agree about more issues than they realize

Data: Populace Inc.; Chart: Michelle McGhee/Axios

Many Americans assume the rest of the country doesn't share their political and policy priorities — but they're often wrong, according to new polling by Populace, first seen by Axios.

Why it matters: The polling reveals that despite growing political polarization, Americans share similar long-term goals and priorities for the country.

Hollywood's big awards shows are in trouble

Photo by Kevin Mazur/Getty Images for Hollywood Foreign Press Association

Ratings for the Golden Globes on NBC likely fell to a record low Sunday, according to preliminary ratings from Nielsen.

The big picture: The pandemic has sped up the trend of ratings declines.