Snap lets go ten percent of staff

San Francisco (AFP) Feb 5, 2024

Social media company Snap, which runs the youth-focused Snapchat platform, on Monday said it was laying off about ten percent of its staff, joining a wave of job cuts in the tech sector. One day before it was due to announce its latest quarterly earnings, the company said that "approximately" ten percent of its global staff would be let go. "We are reorganizing our team to reduce hierarc