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Snap and Burn: Staff Stunned As Evan Spiegel Cuts Projects to the Bone

The Snap cofounder has always shunned Wall Street and taken big bets that won't pay off for years. In August, that approach suddenly changed.

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Snap Inc ditches Web3 plans amid mass layoffs

Snap Inc ditches Web3 plans amid mass layoffs
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Snap will cut 20% of workforce, slash investments, add COO

Snap is known for its core social media app Snapchat, which is popular for sending disappearing photo and video messages.

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Snap axes staff, projects as struggles intensify

Snap culled 20 per cent of its entire workforce as part of a wider restructuring that will result in the company shutting down a range of projects.

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Snap cutting 20 percent of staff as ad sales continue to dry up

SILVER SPRING: The parent company of social media platform Snapchat said Wednesday that it is letting go of 20 percent of its staff as it reorganizes and tries to reduce costs in the face of declining ad sales. In a letter to staff posted on Snap Inc.’s website, CEO Evan Spiegel said sales were not keeping up with earlier projections. “Unfortunately, given our current lower

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Zenly is still hugely popular, so why's Snap shutting it down? – TechCrunch

Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce, affecting at least 1,200 people. The reasons for Snap’s massive scaling back exercise are perhaps obvious, as it’s the same economic reasons why countless other businesses have […]

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Snap CEO Evan Spiegel Fires 20% Of Employees In Brutal Layoff » Glamsham

New Delhi, Aug 31 (IANS) Snap CEO Evan Spiegel on Tuesday confirmed that the company is laying off 20 per cent of its workforce, roughly 1,280 employees from

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Snapchat parent Snap pulls back from originals as it lays off 20% of workforce | News

Snapchat parent Snap pulls back from originals as it lays off 20% of workforce | News
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Snap to snip a fifth of jobs as sales outlook dims

Snap to snip a fifth of jobs as sales outlook dims
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