Snap to lay off 20% of workforce after dismal Q2 earnings, report says
August 31, 2022, 8:01 am
Layoffs are expected to affect 20% of Snap’s workforce beginning Wednesday, according to a report published Tuesday by The Verge. Santa Monica, California-based Snap said in May that it would slow hiring and look for ways to cut costs after its stock price lost nearly 80% of its value since the start of 2022,
