5 February 2024

Snap plans to lay off 10% of its global workforce, or around 529 employees (Rohan Goswami/CNBC)

Rohan Goswami / CNBC:
Snap plans to lay off 10% of its global workforce, or around 529 employees  —  Social media company Snap said on Monday that it would lay off 10% of its global workforce, or around 529 employees.  —  Snap shares were up around 1% in pre-market trading.  —  This is breaking news.

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