Snap lays off 20 product managers to speed up decision-making
 

Snap is going through a reorganization and has laid off "nearly 20 product managers," according to The Information. The job cuts follow a string of departures and position shuffling over the past few months. A company spokesperson told the publication that the layoffs were meant to speed up the company's decision-making process, presumably because they'd be cutting out people between lower-level employees and higher-level managers. They're also meant to reduce costs for the company, which could then use the resources for "core priorities."

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