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Snapchat Announces New Round of Layoffs, Affecting 500 Roles

February 5, 2024


Snap Inc. has announced a new round of layoffs, with the company set to cull 10% of its global workforce as it continues to rationalize costs, and re-focus the business.

As reported by CNBC, Snap will cut around 500 roles as part of its latest cost and strategic review.

As per Snap:

“We are reorganizing our team to reduce hierarchy and promote in-person collaboration. We are focused on supporting our departing team members.”

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