Snap is laying off 20 percent of its employees, two executives are leaving for Netflix, and Snap will discontinue some apps, products, and the production of its shorts with influencers.
Snap's stock price fell 80 percent this year. Now, it is laying off 20 percent of its workforce.
Snap Announces 20% Staff Layoffs, Will End Original Series Production
Snap to lay off 10% of staff, cutting approximately 500 jobs
Snap Lays Off 10 Percent of Its Staff
Evan Spiegel, People
Layoffs of 2024: See what companies have made job cuts so far this year
Snap confirms 20% job cuts and announces business restructuring
Snapchat parent Snap is laying off 10 percent of employees - ReadWrite
Snap to lay off 20% of its workforce: report
Snap Is Laying Off 20 Percent of its Staff, Canceling Shows and Losing Two Executives
What's With All the Layoffs in Tech? - KDnuggets