How should we view these layoffs in comparison to say the ones done by twitter? They did a bunch of layoffs a year or so ago and it’s market cap has recovered significantly since then.

The first wave of layoffs Snap did were related to the hw engineering org. AKA those glasses they mad, right? They were a commercial failure and a distraction so I viewed that as largely a positive sign.

This wave of layoffs seems like they are trimming the fat in sales/marketing, again not necessarily a bad thing. Other companies like twitter have done this and gone on to recover.

I think the biggest problem with Snap right now is how similar it is to Instagram now that Instagram has cloned stories. Twitter served a far different use case from Facebook and they seem pretty safe now that FB is backing away from news.