- Nearly 20 employees who held product management titles were laid off, Snap said in a statement on Wednesday.
- The layoffs come after Snap recently reported third-quarter earnings in which its overall sales grew 5% year-over-year to $1.19 billion, beating analyst expectations.
- Snap, like its larger rival Meta, also warned investors that it has observed some recent pauses in advertising due to the current crisis in the Middle East.
https://www.cnbc.com/2023/11/08/snap-conducts-a-small-round-of-layoffs-to-its-product-team.html