Tag: Snapchat ParentCompany WorkforceReduction RevenueDecline CorporateNews

Snap, the parent company of Snapchat, is set to undergo another round of workforce reductions, this time amounting to 10% of its employees, due to a recent decline in revenue. This move follows a broader trend in the tech industry, which witnessed a staggering 232,000 job cuts in 2023, with expectations of more layoffs in…