Snap Inc Announces Layoffs, Cutting 10% of Global Workforce, Approximately 500 Jobs
Snap Inc, the parent company of Snapchat, has revealed plans to lay off 10% of its staff, impacting around 500 global full-time employees. The tech firm joins the recent trend of major companies implementing workforce reductions at the beginning of the year. The announcement came through a regulatory filing on Monday, with Snap stating that…