Published 2 years ago

Snap cuts 20% of staff amid major restructuring

Summary by Reuters

Snap Inc (SNAP.N) said on Wednesday it will lay off 20% of all staff and shut down projects, including mobile games and novelties like a flying drone camera, as high inflation and a deteriorating economy ravage the advertising industry.

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News18 India

Snap to Cut 20% of Staff, Cancel Projects in Cost-cutting Effort

Snap Inc said on Wednesday it will lay off 20% of all staff and shut down projects, including mobile games and novelties like a flying drone camera, as high inflation and a deteriorating economy continue to ravage the advertising industry.

2 years ago·India

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The Hindu

Snap to cut 20% of staff, cancel Pixy, Zenly, Voisey projects in cost-cutting effort

Two of Snap's top ad sales executives - Chief Business Officer Jeremi Gorman and Vice President of ad sales Peter Naylor - are leaving to join Netflix Inc. and build the streaming service's ad business

2 years ago·India

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Reuters

Snap to cut 20% of staff, cancel projects in cost-cutting effort

2 years ago·United Kingdom

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Associated Press News

Snap cutting 20% of staff as ad sales continue to dry up

The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the

2 years ago·United States

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abc News

Snap cutting 20% of staff as ad sales continue to dry up

The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining ad sales

2 years ago·United States

Read Full Article