Snap is about to announce more layoffs. I’m hearing that about 150 employees are being cut as part of a reorganization of Snap’s AR division. Snap’s communications team declined to comment, though I’m expecting more details to be shared tomorrow. For those who have been following Snap’s business lately, this news shouldn’t necessarily come as a surprise. Even after laying off 20 percent of employees in August 2022, Snap has yet to convince investors that it has the financial discipline to get to sustained profitability. These cuts don’t mean Snap is backing away from its AR strategy, however, I’m told. Source: Alex Heath from The Verge https://www.theverge.com/2023/9/26/23891933/snap-is-about-to-announce-more-layoffs #AR #VR #metaverse #tech #layoffs #rif #Snap
Can someone from snap confirm what’s happening?
Confirmed
AR is becoming a bigger black hole for many companies.
Confirmed. Also more layoffs coming so for those asking for referrals maybe now is not a good time.
How do you know more layoffs are coming?
You are still here, so a layoff is needed
Gotta get that stock price to a whopping $9 somehow LOL
9 bucks is a lot of money… for snap employees at the moment.
"whooping"
“These cuts don’t mean Snap is backing away from its AR strategy, however, I’m told.” This is executive speak for we dont want to be accountable for a bad decision or admit we screwed up
Hit me up if you’re in swe. We hirin
+1!! Just launched our next gen smart glasses with AI
Boom!
India
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Who are these retards asking for dictatorship in India?
Tech Industry
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Asians - what are your thoughts on asian female white male ?
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Heartwarming peaceful protests
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Joining a PIP factory. Rate my cash reserves
Tech Industry
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The end of Backdoor Roth?!
Meta is hiring in AR… so hopefully they can absorb a few of those who get impacted
Fall off a sinking ship only to end up on a rising (or at least not sinking so fast it's mostly underwater already) one? 🤔 What an intriguing idea...
Thats a far better ship than ours. Calm the fk down