SaveSave story

Snapchat preparing largest layoff yet, cutting 100 engineering jobs

Michael Nagle/Bloomberg via Getty Images

Snapchat is cutting about 10% of its engineering team, or roughly 100 people, Cheddar's Alex Heath reports.

Why it matters: The company has experienced much smaller rounds of layoffs within the last few months. These layoffs, which follow closely behind a major redesign of the company's app, would be the largest to date for the roughly 3,000-person company.

Background: Heath says employees, likely engineering employees, sprinted to get Snapchat's recent redesign finished, as a rushed directive from CEO Evan Spiegel. Snapchat's SVP of Engineering Tim Sehn parted ways with the company in November.

  • As Axios noted when the company laid off two dozen staffers in January, 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.
  • While today's cuts shouldn't be shocking, they are notable given their scale and that they are occurring within its engineering department. Prior layoffs involved staffers that were not as close to the core product.
  • The app underwent a redesign last month that received some pushback from users. Snap stock currently sits a little higher than it did when the company initially went public around this time last year. Shares were down slightly following the news Wednesday.
Lauren Meier 1 hour ago
SaveSave story

Facebook's growing problems

Illustration: Rebecca Zisser/Axios 

Facebook is caught in the middle of a rapidly unfolding scandal over Cambridge Analytica's improper gathering of data on millions of users, and what that exposed about the company's data collection. The fiasco has drawn the interest of lawmakers and regulators and rekindled the debate over its role in the 2016 presidential election.

Why it matters: The bad headlines continued to pile up; "A hurricane flattens Facebook" said Wired, "Silicon Valley insiders think that Facebook will never be the same" per Vanity Fair, "Facebook is facing its biggest test ever — and its lack of leadership could sink the company" from CNBC, and — as we've yet to hear from the company's top leaders — "Where is Mark Zuckerberg?" asks Recode.

Dave Lawler 8 hours ago
SaveSave story

What Trump and Putin did and didn't discuss

President Trump spoke with Vladimir Putin this afternoon, and congratulated him on winning re-election on Sunday. After the call, Press Secretary Sarah Sanders was asked whether Trump felt the election had been free and fair, and said it wasn’t up to the U.S. to “dictate" how Russia holds elections.

The bottom line: Trump is not alone in congratulating Putin — leaders in France, Germany and elsewhere have done so this week, as Barack Obama did in 2012. But past administrations certainly have seen it as America’s role to call balls and strikes when it comes to elections abroad, and weigh in when democratic institutions are being undermined. A departure from that approach would be welcomed not only by Putin, but other leaders of pseudo democracies around the world.