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Snapchat’s parent company lays off 10 percent of global workforce

BGR India Tuesday, 6 February 2024
Snap, the parent company of Snapchat, on Monday announced to lay off approximately 10 per cent of its global full-time employees. The company had around 5,300 employees at the start of 2023. Snap previously cut 20 per cent of its staff in 2022 and had a smaller cut of 3 percent last year. “We currently […]
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News video: Snap to Cut 10% of Global Workforce

Snap to Cut 10% of Global Workforce 01:30

Snap to Cut 10% , of Global Workforce. On Feb. 5, Snap Inc. said it will lay off about 500 employees in an effort to "promote in-person collaboration.". The news prompted shares to fall close to 1% that morning. . Like many tech companies, Snap has implemented numerous rounds of job cuts since...

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