Snap announces more layoffs

Snap has just laid off 22 employees, according to Engadget.  According to The Information, Snap’s content team has now consolidated operations in its Venice Beach, Calif., location, when it previously had members in both Venice and New York City.

In recent months, Snap has struggled with user monetization, with slow adoption of its Snap Spectacles and concerns over its upcoming app redesign.

According to a memo provided to Cheddar, Snap CEO Evan Spiegel said: “The journey is long, the work is hard, but we have and we will consistently, systematically, out-innovate our competitors with substantially few resources and in far less time.”