Snape lay off 10% of the development team

According to a new report from CNBC, SNAP has started the largest layoff of nearly 100 engineers as part of a massive restructuring process currently under way.

According to several sources, the layoffs may have started since last September, where the departing staff will constitute 10% of all employees of the company and will be mostly as mentioned by the Department of Engineering and Development.

Spectacles, the first product in the company's history, was the biggest cause of the move. The company reported losses of more than $ 40 million and could not sell more than 150,000 copies.
<script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <ins class="adsbygoogle" style="display:block; text-align:center;" data-ad-layout="in-article" data-ad-format="fluid" data-ad-client="ca-pub-7349718748218319" data-ad-slot="5245150457"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script>
Snape chief executive Ivan Spiegel said in previous permits that the company needed to reconsider the restructuring of the team to re-engineer the application and also launch the new version of the glasses, stressing that the dismissal of employees usually results in terms of investments.

Source