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Snap reportedly fired two of his leaders in recent weeks. According to one information, the company specializing in social media discovered, at the conclusion of an investigation, that one of the leaders would have had an inappropriate relationship with a contract worker. The other officer was not directly involved in the incident, but had hired the person allegedly involved in badual misconduct. According to another report, the third party consulting firm, in which the contractor was employed, received a substantial sum of money from Snap's management on behalf of the company.
The Wall Street Journal reports that an external investigation revealed that Snap's global security officer, Francis Racioppi, had fired the contractor after their relationship ended. The Journal gives the news to anonymous people familiar with the subject. Racioppi and his supervisor, Jason Halbert, human resources manager, were asked to leave the company following the investigation. Racioppi was in the habit of reporting to Halbert at Snap.
Cheddar reports separately that Racioppi paid a six-figure sum to the third-party consulting firm where the contractor was employed on behalf of Snap.
The layoffs follow a series of executive departures very prominent for Snap. Chief Financial Officer, Tim Stone, left earlier this week after less than a year of experience within the company. Stone was hired in May in recent years after 20 years at Amazon, where he last held the position of Vice President of Finance. In addition to Tim Stone, more than half a dozen high-level Snap employees have left the company, including Elizabeth Herbst-Brady, who was at the head of global strategic partnerships and the director of the company's strategy, Imran Khan.
Snap Inc., based in Los Angeles, did not comment on the review's report. The two leaders could not be reached for comment. The Journal quoted Racioppi nier as having committed reprehensible acts.
Written with AP entries
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