Snap Inc. cuts 100 more workers in second round of layoffs this month - News Summed Up

Snap Inc. cuts 100 more workers in second round of layoffs this month


The company introduced automated ad sales last year, which significantly decreased Snap's ad rates but allowed it to make up for those losses with far more sales. Software-driven sales also reduced the number of staffers needed to craft expensive ads for a growing offering of original content on Snapchat, said Brian Wieser, an analyst for Pivotal Research Group.


Source: Los Angeles Times March 29, 2018 15:22 UTC



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