Snap to close AR division for enterprises months after launch

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…

Snap to close augmented reality division for enterprises

(Reuters) -Snap Inc said on Wednesday it was shutting its division focused on making augmented reality (AR) services for businesses months after it was launched, as the ad-dependent social media

Snap to close augmented reality division for enterprises

(Reuters) - Social media company Snap Inc said on Wednesday it was closing its division focused on making augmented reality services for businesses. (Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)

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,