Snap breaks into ‘startup squads’ as ad revenue stalls
CEO Evan Spiegel revealed a company restructuring plan focusing on small "startup squads" of 10 to 15 members to enhance agility against bigger rivals.
MAIN POINTS
- Company restructuring centers on small "startup squads."
- Each squad consists of 10 to 15 people.
- Aim is to regain agility.
- Strategy targets competition with larger companies.
TAKEAWAYS
- Small teams can increase company flexibility.
- Restructuring aims to improve competitive edge.
- Focus on agility highlights adaptive strategy.
- Emphasis on small squads suggests a startup mindset.