Snap to lay off 10% of its workforce
Snap Inc, which operates Snapchat, plans to axe “approximately” 10% of its staff, which is estimated to be around 500 people.
Snapchat said the redundancies would “reduce hierarchy and promote in-person collaboration”.
The spokesperson said: “We are focused on supporting our departing team members and we are very grateful for their hard work and many contributions to Snap”.
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