In a strategic move to streamline its operations, Snap Inc., the parent company of popular social media platform Snapchat, has announced plans to implement a significant workforce reduction. The company disclosed that approximately 10% of its global workforce, translating to around 500 employees, will be impacted by the upcoming layoffs.
This decision marks Snap's latest initiative in reevaluating its business structure and optimizing resources for sustained growth. The social media giant had previously undergone a major round of cuts in 2022, where restructuring efforts were set in motion.
Snap's move to trim its workforce reflects the dynamic nature. . .