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.
Google, Cruise, Twilio, Meta: We're tracking mass layoffs at tech companies across the San Francisco Bay Area - ABC7 San Francisco
Snap plans to lay off 20 percent of employees - The Verge
Snapchat Will Lay Off 20% Employees, Following the Decrease of Stock Price
Snapchat Layoffs: Snap Cuts 10% of Workforce, More Than 500 Employees
Snap to lay off 10% of its workforce as spate of job cuts continue
The Companies Conducting Layoffs in 2023: Here's the List - WSJ
snapchat Observer
Economic Fallout From COVID-19 Continues To Hit Lower-Income Americans the Hardest
Read: Tech CEOs' opening statements for Wednesday's tech antitrust hearing - POLITICO