SNAP stock price elevated by more than 25% after the US lawmakers prepared legislation for banning TikTok in the States. SNAP stock price saw an uplift after TikTok, owned by ByteDance, sparked concer...
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Snapchat’s parent company shutters Web3 division amid layoffs
Snap Inc’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. The note said that this roun...
What Snapchat’s Layoffs Mean For Investors
Getty Images Key takeaways Snap plans to lay off around 20% of its global workforce, or nearly 1,300 out of 6,400 employees Snap will also cancel some in-house projects to limit liabilities and stream...