Snapchat Prepares To Layoff Employees After Poor Q2 Results
While its managers are estimating the scope of layoffs across the departments, it’s believed that Snapchat is gearing up for this decision more due to the poor Q2 earnings it released recently. Though the platform is a hit among youngsters, it’s struggling to build a proper revenue model. Snapchat is Firing Employees Though Snapchat seems to be a profitable company in the social media ecosystem, it’s one of the many cash-burning platforms spending heavily to stay afloat....