Snap Inc (NYSE: SNAP) confirmed a small number of layoffs within its product management team as part of a company reorganization aimed at streamlining operations and accelerating decision-making processes, TechCrunch reports.
The Snapchat parent's layoffs were not linked to specific products, despite the recent closure of Snap's enterprise services division.
The reorganization aimed to reduce management layers within the product team.
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The company, which employs around 5,000 people, indicated that the layoffs ...