Curatorious Posted February 6 Share Posted February 6 Snap Inc. is set to reduce its workforce by 10%, impacting approximately 500 employees, in a bid to enhance in-person collaboration and streamline its structure. This move is part of a broader wave of layoffs within the tech industry, with Snap having previously undertaken significant job cuts. The company anticipates charges of $55 million to $75 million due to this restructuring. This development is indicative of the ongoing adjustments in the tech sector aimed at improving operational efficiency amidst evolving market conditions. Sources: CNBC, Reuters Quote Link to comment Share on other sites More sharing options...
Recommended Posts