Memo: Snap CEO Evan Spiegel says the company plans to lay off ~1,000 full-time employees, or 16% of its global workforce, to cut costs and achieve profitability (Alexandra S. Levine/Bloomberg)

Alexandra S. Levine / Bloomberg:
Memo: Snap CEO Evan Spiegel says the company plans to lay off ~1,000 full-time employees, or 16% of its global workforce, to cut costs and achieve profitability  —  Snap Inc. is laying off roughly 1,000 full-time employees, or 16% of its global workforce, part of an effort …

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