Why is Snapchat's parent company, Snap, cutting 10 per cent of its workforce?
Snapchat's parent company, Snap, revealed plans to let go of about 10 per cent of its global full-time workforce. The move comes after previous staff reductions, including a 20 per cent cut in 2022 and a 3 per cent reduction last year. At the beginning of 2023, Snap had approximately 5,300 employees.
Snapchat's parent company, Snap, revealed plans to let go of about 10 per cent of its global full-time workforce. The move comes after previous staff reductions, including a 20 per cent cut in 2022 and a 3 per cent reduction last year. At the beginning of 2023, Snap had approximately 5,300 employees.
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