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Snap to cut 20% of staff, cancel projects in cost-cutting effort

Snap's warning in May that it would miss its revenue targets due to worsening economic conditions sparked a sell-off in social media stocks. ....

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Snap Restructures Ad Business Amid Worst Sales Growth Rate In Its History

Snap Inc said on Wednesday revenue growth in the third quarter is running at the slowest rate in the company s history, as high inflation, rising interest rates and a deteriorating economy continues ....

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Snapchat to cut 20% job after lowest revenue growth in its history "

Snap Inc (SNAP.N) said on Wednesday revenue growth in the third quarter is running at the slowest rate in the company's history, as high inflation, rising interest rates and a deteriorating economy continues to ravage the advertising industry. ....

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Snap to cut 20% of staff, cancel projects in cost-cutting effort

The cuts will help the company save an estimated $500 million in costs annually, Snap said ....

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