SNAPCHAT

Snap Lays Off 100 Employees Mostly in Advertising and Sales

Snap is laying off 100 employees, mostly in advertising and sales, the company said Thursday.

"Over the past two years our company has grown a tremendous amount. Late last year we asked senior leaders across Snap to look closely at their teams to ensure they had the right resources and organizations to support their missions," Chief Strategy Officer Imran Khan said in a statement. 

It's the second round of layoffs in recent weeks. The company behind pioneering disappearing message app Snapchat earlier this month said it was laying off "just over 120" engineers.

Its stock price was flat Thursday.

Snap said it had roughly 3,000 employees as of the December quarter, and in its first annual filing it said it expected "headcount growth to continue for the foreseeable future."

CNBC

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