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.

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

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Snap shares plunge 30% in the wake of quarterly loss, layoffs

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

Snapchat (SNAP) plans to lay off 20% of staff this week

Snapchat (SNAP) plans to lay off 20% of staff this week

2022 tech layoffs: The companies that have cut jobs this year

Snap Observer