happens in the world economic crisis continues to affect giant companies. Due to the fluctuations in the economy after the pandemic, many companies will shrink and many employees. fire had decided. Now one of these companies owns the Snapchat application, which has millions of users. at Snap Inc. agrees with.

Social media company Snap, after the experienced economic problems reduce costs to a certain extent to reduce the number of employees announced his decision. Snap CEO Evan Spiegel sent a message to the company’s employees that the company has decided to cut costs to avoid further losses from the decline in revenue growth.

Snapchat and some apps will also undergo changes

mirror, Discover Snapchat In addition to the snaps that appear in the (Explore) section, spell and made by third-party developers mini apps in will delete explained. In addition, in April, the company launched camera drone flies to your own cat Pixy is withdrawn from the market. The company also shows you where your friends are on a map. zenly It has been announced that the application and Voisey, a TikTok-like application purchased in 2020, will no longer be available.

The company’s manager announced that they have created significant capital reserves and reduced spending in other areas to avoid layoffs. However in revenue growth experienced you think Spiegel stated that they had to suffer these consequences afterwards. 6.400 the one who… worker number of 20% rate Reduce He said they had to.

Spiegel said they are continuing to work on various activities to accelerate revenue growth again. At the same time, he stated that they were reorganizing to focus on 3 strategic priorities: growth, income increase and augmented reality, and announced that projects that do not directly contribute to these areas will be discontinued and investments will be significantly reduced.

After these decisions Snap has made to reduce costs, about 500 million dollars a savings expected to offer.