Social media company Snap said on Monday that it would lay off 10% of its global workforce, or around 500 employees, in part to "promote in-person collaboration." From a report: The company has executed multiple rounds of layoffs since 2022, most recently in November, when it trimmed a small number of product employees. The company expects it will incur charges ranging from $55 million to $75 million, ... ⌘ Read more
Social media company Snap said on Monday that it would lay off 10% of its global workforce, or around 500 employees, in part to "promote in-person collaboration." From a report: The company has executed multiple rounds of layoffs since 2022, most recently in November, when it trimmed a small number of product employees. The company expects it will incur charges ranging from $55 million to $75 million, ... ⌘ Read more