Jan 18, 2018

Snapchat lays off two dozen people

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."

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Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 1,309, 439 — Total deaths: 72,638 — Total recoveries: 273,546Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 347, 003 — Total deaths: 10,335 — Total recoveries: 18,953Map.
  3. 2020 update: Wisconsin governor issues executive order to delay in-person primary voting until June.
  4. Public health latest: Asymptomatic children could play important role in coronavirus spread, new data from the CDC shows.
  5. States' latest: West coast states send ventilators to New York and other states experiencing a more immediate need — Data suggests coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  6. Jobs latest: Unemployment could already be at 13% "and moving higher," per former Federal Reserve Chair Janet Yellen.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Wisconsin governor issues order to delay in-person primary voting until June

Photo: Nuccio DiNuzzo/Getty Images

Wisconsin Gov. Tony Evers (D) issued an executive order Monday delaying in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Why it matters: Wisconsin was slated to be the only state to vote on Tuesday amid the coronavirus pandemic, despite having a stay-at-home order in place.

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U.S. coronavirus updates: Death toll reaches 10,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,000 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 27 mins ago - Health