• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Snapchat Employees Upset with CEO Over His Recent Statements

by Aditi Bali
September 4, 2022
in News
Reading Time: 2 mins read
0
Snapchat logo depicted

Source: The Indian Express

TwitterWhatsappLinkedin

Recent reports suggest that the recent attempt of Evan Speigel to motivate his employees didn’t go down so well. The company has recently fired 12oo employees due to low revenue. Read the entire article to learn more about this news piece.

You might also like

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

Statements given by Evan Speigel

Speigel reported gave a speech to his employees to boost their morale. “While we have built substantial capital reserves, and have made extensive efforts to avoid reductions in the size of our team by reducing spend in other areas, we must now face the consequences of our lower revenue growth and adapt to the market environment,” the statement from Spiegel said.”It has become clear that we must reduce our cost structure to avoid incurring significant ongoing losses,” the statement from Spiegel to employees reads.“Unfortunately, given our current lower rate of revenue growth, it has become clear that we must reduce our cost structure to avoid incurring significant ongoing losses,” Spiegel said.“We are restructuring our business to increase focus on our three strategic priorities: community growth, revenue growth, and augmented reality,” Spiegel added. “Projects that don’t directly contribute to these areas will be discontinued or receive substantially reduced investment.”

Employees response

The employees of the company were not very happy with Speigel’s speech. The words of encouraged that were given with the intention to motivate the employees actually backfired. Recent reports said that Speigel said, “it’s time to prove the haters wrong”. this statement wasn’t considered very suitable and appropriate after Snap just fired 12oo employees from its firm. This is not what the employees needed to hear. “Kind creative and smart is the motto at Snapchat,” one laid-off worker after the cuts, according to the outlet. “Looks like that went out of the window right away when things started going bad.” The company has been facing a lot of losses. They have not been to adjust to the new policies introduced by Apple.

About Snap

Snap is a company that deals with the camera. It tries to re-innovate the camera in such a way that people are able to express themselves better through the camera. The company believes that it is playing a major role in human enhancement by giving people an opportunity to express themselves in the best way possible along with having fun. The company is currently headed by Evan Speigel. He is also the co-founder of the company along with Reggie Brown and Bobby Murphy.

Tags: EvanSpeigelNewsrecentSnaptrending
Tweet54SendShare15
Previous Post

Britain’s Kleanbus modular vehicle platform can convert any bus to EV

Next Post

How to become a tax preparer

Aditi Bali

Recommended For You

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

by Anochie Esther
June 15, 2025
0
Boeing 787-8

India’s civil aviation sector is in mourning following one of its deadliest air disasters in recent history. An Air India Boeing 787-8 Dreamliner en route to London’s Gatwick...

Read more

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

by Anochie Esther
June 15, 2025
0
Boeing

In a significant development that reflects the ongoing turmoil within the global aerospace industry, Boeing has laid off up to 180 engineers from its India operations as part...

Read more

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

by Rounak Majumdar
June 14, 2025
0
NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Gensol Engineering Limited (GEL) and its subsidiary, Gensol EV Lease (GEVL), into insolvency proceedings following a petition by...

Read more
Next Post
Tax Preparer

How to become a tax preparer

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?