Snapchat makes 'deep' staffing cut to ‘weather’ the economic storm: Tech analyst
Snapchat makes deep staffing cut to ‘weather’ the economic storm: Tech analyst
Tech analyst Pete Pachal discusses Snapchat and its plan to lay off 20% of its workforce as they prepare to launch their ad-supported subscription tier on ‘Mornings with Maria.’
During an interview on "Mornings with Maria," Thursday, tech analyst Pete Pachal discussed social media platform Snapchat's controversial decision to slash 20% of it's staff in preparation to launch it's ad-supported subscription tier.
PETE PACHAL: Well with staff, I mean, it's funny, whenever I talk about Snap, I always have to kind of remember why it exists because it really doesn't have that same, you know, clear purpose that many other social networks have. Like its peers like TikTok, Facebook, Twitter, LinkedIn, and all of those sort of seem to have a clear purpose. Whereas Snap, it's kind of this social network that, you know, just kind of is there. It's almost like extra it's very similar to Instagram, but has sort of its own audience. That said, I think I don't want to take too much away from Snap and that over the past few years it was essentially left for dead when Instagram started eating its lunch. And it's actually it's sort of found its audience. But think about this.