Snap shedding 10% of its workforce

Hanno Labuschagne

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Snap shedding 10% of its workforce

Snap Inc. is reducing its workforce by roughly 10% worldwide, joining the chorus of technology companies that have announced fresh rounds of cuts since the start of the year.

The cuts are being made to “best position our business to execute on our highest priorities,” Snap said in a filing Monday.

[Bloomberg]
 
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