Snap last month laid off 1,200 people. Even before the job cuts, however, several Snap executives left, precipitating a shake-up in the top ranks. The latest update to our Snap org chart shows which executives now hold the most power.
Notably, Jerry Hunter, Snap’s new chief operating officer, will now oversee ad sales, which Jeremi Gorman, Snap’s chief business officer, previously managed. Gorman will leave Snap at the end of this week to become Netflix’s new ad chief. Chief Financial Officer Derek Andersen oversees strategy and corporate development, responsibilities held by former Chief Strategy Officer Jared Grusd, who left the company last year. Ben Schwerin, senior vice president of content and partnerships, took on the content portion of Grusd’s role.
They are among the top 47 executives and managers charged with revitalizing Snap after its revenue growth slowed to just 8% in the first two months of the third quarter, from 64% for all of last year, and its stock price plunged as much as 86% from its high last year.