Snap, the parent company of Snapchat, has undertaken a restructuring initiative, resulting in the layoff of nearly 20 employees with product management titles.

The move is part of Snap’s broader strategy to streamline operations, enhance decision-making speed, and minimize overhead.

While the layoffs are not tied to a specific product, they align with the company’s goal of achieving operational efficiency, as reported by CNBC and initially disclosed by The Information.

Despite the recent layoffs, Snap reported robust third-quarter earnings, with overall sales growing by 5% year-over-year to $1.19 billion, surpassing analyst expectations, IANS reported from San Francisco.

However, similar to its rival Meta, Snap acknowledged experiencing advertising pauses due to the ongoing conflict in the Middle East. In response, the company refrained from issuing formal instructions, citing the unpredictable nature of war.

This development follows Snap’s previous workforce adjustments, including the termination of nearly 170 employees from its augmented reality (AR) enterprise division in September. Snap CEO Evan Spiegel communicated to employees that changes in circumstances prompted a shift in the AR Enterprise strategy.

In the past year, Snap also underwent significant staff reductions, cutting 20% of its workforce, approximately 1,280 employees from its 6,400-strong headcount.

This decision was attributed to the company needing to adapt to lower revenue growth and market conditions. Presently, Snap has around 5,000 employees as it continues to navigate the evolving landscape of social media and technology.