Snap to layoff 10% of workforce
Snap Inc., the owner of Snapchat, is laying off about 530 employees, meaning about 10% of its worldwide workforce. Snap is the latest in a series of tech companies ranging from Google to Microsoft to announce layoffs. According to a filing, Snap Inc. currently estimates $55 million to $75 million in charges, mostly for severance and related costs. It expects the...
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