Snap to cut 20% of staff, cancel Pixy, Zenly, Voisey projects in cost-cutting effort

Snap to cut 20% of staff, cancel Pixy, Zenly, Voisey projects in cost-cutting effort

Two of Snap’s top ad sales executives – Chief Business Officer Jeremi Gorman and Vice President of ad sales Peter Naylor – are leaving to join Netflix Inc. and build the streaming service’s ad business Two of Snap’s top ad sales executives – Chief Business Officer Jeremi Gorman and Vice President of ad sales Peter […]

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Netflix hires two top ad executives from Snap

Netflix hires two top ad executives from Snap

Netflix confirmed it hired Snap’s chief business officer, Jeremi Gorman, and Snap’s vice president of ad sales, Peter Naylor Netflix confirmed it hired Snap’s chief business officer, Jeremi Gorman, and Snap’s vice president of ad sales, Peter Naylor Netflix Inc. lured two of Snap Inc.’s top executives to lead its advertising sales team, the company […]

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Snap cuts 20% of employees and restructures

Snap cuts 20% of employees and restructures

Snap, the maker of the ephemeral messaging app Snapchat, is laying off 20% of its employees, discontinuing at least six products and appointing its first chief operating officer in seven years, the financially struggling social media company said Wednesday. The cuts are set to affect close to 1,300 of Snap’s 6,400 employees, the company said. […]

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Snap to cut 20% of workforce starting wednesday: Report

Snap to cut 20% of workforce starting wednesday: Report

Snap is planning to lay off around 20% of its nearly 6,500 employees following weeks of planning, the Verge reported Job cuts will begin on Wednesday with the team working on Minis, small applications made by third parties which run in the Snapchat app, affected the most, the report said. Zenly, the company Snap acquired […]

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Snap stops development of flying selfie drone Pixy, reports Wall Street Journal

Snap stops development of flying selfie drone Pixy, reports Wall Street Journal

The news comes nearly four months after the California-based company launched the pocket-sized camera The news comes nearly four months after the California-based company launched the pocket-sized camera Snapchat parent Snap Inc will stop future development of its Pixy flying selfie drone, the Wall Street Journal reported on Thursday, citing people familiar with the matter. […]

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Snap launches tools for parents to monitor teens’ contacts

Snap launches tools for parents to monitor teens’ contacts

Snapchat’s Family Center feature is launching at a time when social media companies have been criticised over a lack protection for kids Snapchat’s Family Center feature is launching at a time when social media companies have been criticised over a lack protection for kids Snap Inc, owner of the popular messaging app Snapchat, rolled out […]

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Google’s parent reports slowest quarterly growth in 2 years

Google’s parent reports slowest quarterly growth in 2 years

Google’s revenue growth slowed as advertisers reined in their spending amid fears of an economic recession Google’s revenue growth slowed as advertisers reined in their spending amid fears of an economic recession Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying […]

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