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Snapchat Parent Cutting 20% of Workforce

Snapchat’s parent company is slashing staff and scaling back investments in straggling businesses, an attempt to rein in costs following a slowdown in ad revenue growth. Snap Inc. is cutting about 20% of its workforce, Chief Executive Officer Evan Spiegel said in an internal memo sent to staff Tuesday. The news sending the stock tumbling in the premarket. Abigail Doolittle reports…

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Snapchat’s parent company is slashing staff and scaling back investments in straggling businesses, an attempt to rein in costs following a slowdown in ad revenue growth. Snap Inc. is cutting about 20% of its workforce, Chief Executive Officer Evan Spiegel said in an internal memo sent to staff Tuesday. The news sending the stock tumbling in the premarket. Abigail Doolittle reports on “Bloomberg the Open.”

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4 Comments

4 Comments

  1. G. Jets

    August 31, 2022 at 2:36 pm

    this is only the beginning, PREPARE…

  2. Ace

    August 31, 2022 at 5:27 pm

    They should of pulled a Tik Tok before TikTok

  3. Shahar Rozenbloom

    August 31, 2022 at 11:01 pm

    Apple Could Add Google and AWS and Ajure Cloud to Apps Easy in killer idea even with Code in new Service in killer idea Tim for Tens of Billions in Patent even add Lower Price by Large Amounts.

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Here’s why letting people know they matter is vital #TEDTalks

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Bloomberg Technology

How NASA Plans to Build a Base on the Moon

NASA Administrator Jared Isaacman is laying out the ground work for building a new base on the moon. He says it will be done in phases, and infrastructure will be waiting for the astronauts who land there in 2028. He speaks on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:  …

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NASA Administrator Jared Isaacman is laying out the ground work for building a new base on the moon. He says it will be done in phases, and infrastructure will be waiting for the astronauts who land there in 2028. He speaks on “Bloomberg Tech.”
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Google just broke SEO. Here’s what replaces it. | Equity Podcast

Google I/O made it official: AI-generated answers are now front and center in search, and most brands have almost no visibility into how AI is describing them to their customers. For anyone who has spent years building a strategy around 10 blue links, the rules just changed in a pretty significant way. On this episode…

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Google I/O made it official: AI-generated answers are now front and center in search, and most brands have almost no visibility into how AI is describing them to their customers. For anyone who has spent years building a strategy around 10 blue links, the rules just changed in a pretty significant way.

On this episode of TechCrunch’s Equity podcast, Rebecca Bellan caught up with Matt Thompson, VP of partnerships at Scrunch, a startup positioning itself at the center of the AI search shift, to talk about what Google’s changes mean and marketers and founders should actually do about it.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters

00:00 Intro

01:15 Why Google is going all-in on AI search

03:25 Meet Scrunch

09:00 Personalized agents, shopping, and Google’s advantage

12:13 What advertisers need to track now

13:48 How websites become “agent ready”

15:34 AI search vs. traditional SEO

22:33 “Scrunching” webpages down for AI agents

23:47 Google’s SEO guidance vs. Scrunch’s approach

27:17 Why unique human content still matters

28:51 Advice for startups adapting to AI search

29:52 Outro

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