Snapchat's company staff told to be in office 4 days a week – Honolulu Star-Advertiser

ASSOCIATED PRESS / 2017 The Snapchat app on a mobile device in New York. Snap Inc. Chief Executive Officer Evan Spiegel told employees that he expects them to be in the social media company’s offices in person 80% of the time starting in February. “I believe that spending more time together in person will help us to achieve our full potential,” he wrote, according to a memo reviewed by Bloomberg. That means an average of four or more days per week in the office for full-time employees, he said — with some flexibility allowed for work-related tasks such as client meetings to count as in-office time. “What each of us may sacrifice in terms of our individual convenience, I believe we will reap in terms of our collective success,” Spiegel wrote. Snap, which makes the visual communication app Snapchat, has spent much of the second half of this year shrinking and narrowing the company’s focus. In August, it fired 20% of its workforce and cut projects that won’t help revenue growth or the company’s augmented reality technology. The company hasn’t been able to increase its revenue as quickly as expected as marketers reduced their advertising budgets. Snap is the latest
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