Jerry Hunter, Snapchat’s engineering chief in an email to his employees, announced the layoffs of “just over 120” members from the engineering team; a copy of this email was also published on Twitter. The layoffs represent 10 percent of Snap’s engineering team.
These job cuts are said to be Snap’s largest layoff to date, however, these represent only a small portion of about 3,000 employees in the company.
"Having high-performance, technically excellent, and appropriately aligned teams will be critical to building both a compelling product and a compelling culture for engineers," saidJerry Hunter, head of Snap's engineering team, in a letter to employees. "We are doing this after a thoughtful and respectful review of each team member and with an appreciation for the many contributions they have made to Snap."
Last year, Snapchat had laid off a couple dozen employees across its hardware and recruiting divisions followed by two dozen more cuts in January this year.
Reportedly, Snap slowed its hiring rate by roughly 60 percent last quarter and reported having 3,069 employees at the end of 2017.