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

Posted on February 5, 2024

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 […]