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Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company

Snapchat maker Snap is the latest tech company to conduct layoffs with its newly announced plans for a 10% workforce reduction, the company said on

“In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team,” the filing stated. “We are reorganizing our team to reduce hierarchy and promote in-person collaboration,” noted a Snap spokesperson in a statement provided to TechCrunch. This second wave of layoffs in a matter of months follows a smaller headcount reduction late last year when Snap reorganized its product team, again with a focus on reducing layers and increasing decision-making speed, the company said at the time.

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