Snap to close AR division for enterprises months after launch
4 Articles
4 Articles
Snap to close AR division for enterprises months after launch
:Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy.The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms,
Snap to close new augmented reality division after launching in March
Snap Inc, the company behind Snapchat, is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy. The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms, has been facing the brunt of weak advertising spending from inflation-hit businesses since early last year. S…
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