Boosting company productivity? What Snapchat did. The possibilities of enhancing creativity and improving decision-making processes within a company are endless, but Snapchat has devised an unusual method of achieving a greater level of productivity within the company.
Several product managers have been laid off from The Information’s American multimedia instant messaging app in order to speed up production, according to the article.
There have been furloughs at the company throughout the past couple of months as the company undergoes reorganization. While this reshuffling is on a much smaller scale than the company’s firings of 1,300 employees last year, the scale of this reorganization is still quite drastic.
According to Engadget, the company’s spokesperson said the job cuts were designed to expedite the decision-making process since the laid-off people were between lower-level employees and managers at the company’s higher levels.
The layoffs are also being reported to be caused by the company’s desire to reduce costs so that the resources can be used for “core priorities” in the company.
During the third quarter of 2023, Snapchat announced a 5% increase in revenue, based on what was published in the publication.
In its first six-month period, the company posted earnings of $1.19 billion, a significant improvement from the previous period.
Snapchat’s advertising business, however, has not yet been able to recover as it warned its investors last year that advertising activities across social networks will begin to decline in the coming months due to misinformation flooding the region as a result of the Middle East war situation.
We would like to emphasize that the job cuts will have no impact on the products and services offered by Snapchat.Snapchat is committed to providing the best services to its customers and will continue to improve its platform. The company is also exploring other options to boost its revenue, such as expanding its user base and increasing engagement.
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