Snap laying off more than 500 employees ...Middle East

The Hill - Technology
Snap laying off more than 500 employees
source : The Hill ( Middle East ) () 39
Snap, the parent company of Snapchat, plans to lay off more than 500 employees, it revealed in a regulatory filing Monday. The social media company will cut its global workforce by about 10 percent, it said in the filing with the Securities and Exchange Commission (SEC). This translates to about 540 employees, based on Snap’s most recent headcount of 5,367 full-time workers. “In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team,” Snap said in Monday’s filing. Snap last made significant cuts in August 2022,

Hence then, the article about snap laying off more than 500 employees was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Snap laying off more than 500 employees )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

U.S. Says Anthropic Is an ‘Unacceptable’ National Security Risk

before hour & 31 minute

Twitter shareholder lawsuit accusing Elon Musk of driving down stock goes to jury: ‘Knew what he was doing’

before 5 hours & 51 minute

Tennessee minors allege Grok generated sexual images of them

before 7 hours & 45 minute

Senators demand ByteDance ‘immediately shut down’ Seedance AI video app that created fake Tom Cruise, Brad Pitt brawl

before 10 hours & 8 minute

The new trailer for Sekiro: Shadows Die Twice's anime series is loaded with boss fights and old-fashioned visuals

before 12 hour & 10 minute

Here's your next batch of Xbox Game Pass games for March

before 12 hour & 46 minute

Take-Two CEO Strauss Zelnick still rejects the idea AI can tackle games on the scale of GTA 6: "Creating a hit of that magnitude does require human engagement and creativity"

before 13 hour & 52 minute

Amazon launches 1-hour, 3-hour delivery options: Here’s what it will cost you

before 14 hour & 14 minute

The Hitman TV series everyone had forgotten about is "dead in the water", says John Wick creator Derek Kolstad

before 15 hour & 7 minute

Super agile humanoid robot seen playing tennis with humans in uncanny video

before 15 hour & 10 minute

Dem lawmakers question Amazon on 'Melania' documentary

before 15 hour & 14 minute

Minecraft meets Wind Waker? Hytale with airships? Everwind is Steam's latest big early access release, and it could be a winner with time

before 15 hour & 40 minute

Helldivers 2 sets 'Uncover the Truth' update, making the Illuminate scarier and kickstarting a new galaxy-shaking mystery

before 16 hour & 31 minute

It's not quite finished yet, but Marathon is rolling out an "experimental duo queue" later this week - and there are more experiments to come

before 16 hour & 49 minute

Crimson Desert's PS5 trophies have been revealed, and they read like riddles (which is both exciting and scary)

before 18 hour & 13 minute