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Snap Cuts 120 Engineers, Citing Job Performance

socalTECH

Venice, California-based social networking app developer Snap Inc. The layoffs represent around 10 percent of Snap's engineering team. has laid off more than 120 engineers, according to reports based on internal emails being circulated from the company, saying it had cut its "lowest performing" engineers in recent job reviews.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

” MediaLab is a holding company that owns several other mobile properties , including anonymous social network Whisper and mixtape app DatPiff. In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability.

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MySpace Chops 47 Percent

socalTECH

Amid rumors for weeks that Los Angeles-based MySpace has been planning massive layoffs, the firm said today that it is cutting 47 percent of its staff globally, or roughly 400 employees. MySpace has been undergoing major structural changes over the past few years, as the firm's core social networking business shifted to competitor Facebook.

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Report: Snap Chops 100 More Employees

socalTECH

The cuts this time apparently came from the advertising side of Snap, and follows a big layoff of engineers in February. Venice-based Snap has cut another 100 of its employees , according to reports on Thursday, as it continues to trim its workforce. READ MORE>>.

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Leaping off the cliff: Making your business virtual

Berkonomics

Overnight, just about every company went into a hiring freeze and massive layoffs dominated the news. In just over eighteen months, we were on track to double in size. Then along came September 11th. Not a good time to be in the recruitment business. The entire company is virtual and all of its team members work from home offices.

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United Online Cutting at Classmates?

socalTECH

Woodland Hills-based United Online, which operates the Classmates.com reunion and social networking site, appears to be cutting back staff, according to sources close to the firm. A spokesperson for the firm declined to comment on the reports.

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Report: Buzznet Chops Staff

socalTECH

Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff.

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