Snapchat
’s senior executive,
Steve Hwang
, is leaving the company after more than a decade, a report has said, adding that he informed his team of his departure earlier this week. Hwang has served as the senior vice president of partnerships and strategy since February.
Citing people familiar with the situation, The Verge reports that the veteran
Snap
executive’s exit comes after a period of internal reports regarding his conduct.
These reports, filed since February when he assumed leadership of Snap's partnerships and content team, included various incidents.
The report says that he talked about how he used to eat at a street food cart called “Bin Laden’s” in New York City. It also mentions an interaction with a female employee about her rape whistle and he allegedly appeared intoxicated with some of Snap’s clients at the Cannes Lions advertising festival in France last month.
In an internal memo, Hwang stated his intention to spend more time with family. When contacted for comment, he expressed gratitude to Snap for his experiences and offered well wishes to his former colleagues.
“I am grateful to Snap for the incredible career and learning opportunities I’ve had over the past decade. I have truly enjoyed working with such an amazing team, and I look forward to my next chapter,” Hwang was quoted as saying.
Job cuts and departures at Snapchat
Hwang’s exit is the latest in a series of high level departures at the company. Several senior managers, including the director of content, VP of content engineering, and the VP of platform partnerships have been let go as a part of the company’s cost-cutting measures.
The company announced in February that it will cut about 10% of the overall workforce, which translates to around 528 employees.
“In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team,” Snap said.
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