- Uncertain future for the company. Company is taking massive hits as it loses market share to competitors (e.g. Instagram and TikTok) for ad revenue, even before the ad market started to dry up. - Return to Office to be enacted again for 4 days a week. This applies even if you are the only person on your team in a particular location. There was a lot of push back on this, but it was disregarded by upper management. There's been a large investment into leasing out office space worldwide, as part of this. Personally, there's more frustration around how this decision was made (wasn't data driven, at least not publicly) then what the decision was - Quarterly "lightweight" performance reviews to be enacted starting in Q2 2023. Unfortunately, these are no longer include self-reviews, but just peer-reviews and your immediate manager's opinions. This makes it really important that you have a good relationship with your manager. Even my immediate manager doesn't like this - Starting in Q2 2023, there will be a restructuring of compensation in order to cut employee costs. It's changing from a system where everyone is rewarded with bonuses to only being the top performers (~top 25% or so) - The executives dismiss opinions and input from others. It's incredibly demoralizing to hear rebuts such as "there can be multiple truths", "morale is a choice", and "suspend your disbelief and skepticism about going back to work into an office" - Layoffs in August 2023 were demoralizing. With flat revenue, I wouldn't be surprised if there are more layoffs or other ways to cut headcount/costs - Compensation is largely stock once you hit L4. With a volatile stock like Snapchat, this is definitely something to pay attention to. Make sure to take profits every once in a while
