{"id":6883,"date":"2022-09-01T08:38:45","date_gmt":"2022-09-01T06:38:45","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/09\/01\/snapchat-firm-cuts-1300-staff-in-face-of-advertising-downturn\/"},"modified":"2022-09-01T08:38:45","modified_gmt":"2022-09-01T06:38:45","slug":"snapchat-firm-cuts-1300-staff-in-face-of-advertising-downturn","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/09\/01\/snapchat-firm-cuts-1300-staff-in-face-of-advertising-downturn\/","title":{"rendered":"Snapchat firm cuts 1,300 staff in face of advertising downturn"},"content":{"rendered":"<p>US firm Snap to focus on its core messaging product as it reports revenue growth well below expectations<\/p>\n<p>The company behind Snapchat is making about 1,300 staff redundant and cutting investment in projects such as augmented reality glasses, as the social media business fights an advertising downturn.<\/p>\n<p>Snap\u2019s chief executive said the latest quarterly revenue growth of 8% was \u201cwell below\u201d expectations and the company\u2019s planning includes assumptions that a weak advertising market continues into next year.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/aug\/31\/snapchat-parent-snap-cuts-1300-staff-advertising-downturn\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/4afd4f0d3c610488d1a4ee2fcc6c5b4f80863c65\/0_0_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=be937ef524e1b765f4b5dec436cf763f\" title=\"Snapchat firm cuts 1,300 staff in face of advertising downturn\" \/>US firm Snap to focus on its core messaging product as it reports revenue growth well below expectations<br \/>\nThe company behind Snapchat is making about 1,300 staff redundant and cutting investment in projects such as augmented reality glasses, as the social media business fights an advertising downturn.<br \/>\nSnap\u2019s chief executive said the latest quarterly revenue growth of 8% was \u201cwell below\u201d expectations and the company\u2019s planning includes assumptions that a weak advertising market continues into next year. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US firm Snap to focus on its core messaging product as it reports revenue growth well below expectations The company behind Snapchat is making about 1,300 staff redundant and cutting investment in projects such as augmented reality glasses, as the social media business fights an advertising downturn. Snap\u2019s chief executive said the latest quarterly revenue &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/09\/01\/snapchat-firm-cuts-1300-staff-in-face-of-advertising-downturn\/\"> <span class=\"screen-reader-text\">Snapchat firm cuts 1,300 staff in face of advertising downturn<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":6884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6883"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6883"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6884"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6883"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}