Snap plans to lay off 10% of its staff.

Snap, the company behind Snapchat, has announced plans to lay off approximately 10% of its staff, resulting in the loss of around 500 jobs. This decision comes after previous job cuts in 2022, where the company eliminated 20% of its global employees and 3% of its staff last year. Snap claims that the restructuring is aimed at better positioning the business for growth and ensuring the capacity to invest incrementally.

February 05, 2024
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