Snapchat Cuts 500 Jobs Amid Restructuring, Affects Engineering & Content Teams 🚨

Snap laid off about 500 employees in total last week, impacting a range of roles across the company. Teams affected included engineering, content moderation, advertising partnerships, and an internal HR analytics team working on diversity efforts. Most layoffs were conducted over brief video calls, with impacted employees receiving 2 months salary as severance. Morale at Snap is said to be "extremely low" as layoffs have swept the tech industry this year. Between layoffs and attrition, Snap is roughly 30% smaller than its peak size in 2022 of around 6,100 employees.