Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company

This post is by Sarah Perez from TechCrunch

Snapchat maker Snap is the latest tech company to conduct layoffs with its newly announced plans for a 10% workforce reduction, the company said on Monday. The layoffs would impact roughly 500-plus employees, based on headcount figures Snap released in November 2023, when it saw small-scale layoffs of its then north of 5,000 employees. The […] © 2024 TechCrunch. All rights reserved. For personal use only.