Snap Is Laying Off 20 Percent of its Staff, Canceling Shows and Losing Two Executives

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 to lay off 'approximately' 10% of its staff

Jeff Zucker - Wikipedia

Evan Spiegel, People

Snap lays off 20 product managers, claiming it's trying to speed up decision-making

2023 & 2024 Mass Layoffs: Detailed List & Reporting of Notable Company Cutbacks

Snap cuts 20% of staff amid major restructuring

Snap Inc cuts 530 employees, 10% of workforce, to boost in-person work, US work & careers

Mediagazer: Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually (Alex Heath/The Verge)

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Layoffs Observer

Snap Inc cuts 530 employees, 10% of workforce, to boost in-person work, US work & careers

Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that? : r/technology