Snap Inc., the parent company of Snapchat, is set to lay off 10% of its workforce, translating to approximately 529 employees from its base of 5,367. This move is part of a wave of tech industry layoffs aimed at cost reduction, following a similar 20% workforce reduction in August 2022. The layoffs, which are expected to continue into Q2 2024, will result in unspecified charges and are partly intended to reduce hierarchy and promote in-person collaboration.
Snap says that it would lay off 10% of its global workforce, or around 529 employees. https://t.co/HuvZVD8leF
Snap lets go 10% of workforce following return to revenue growth https://t.co/GaSPT1fZAx
More Layoffs as Snap Inc. Lets Go of 500 Employees - Gizmochina https://t.co/uoKTAWPb0H
Snap slashes 10% of its workforce https://t.co/Agp6RAP0yq
Snapchat owner to cut 500 jobs in 'team restructure' https://t.co/apNR90Baku
The Surge in Tech Layoffs 2024: Who’s to Blame? The number of tech layoffs since 2022 is constantly rising. Why is this happening? https://t.co/OQW3ROVQGq https://t.co/R7cCyIJTXF
Snap Lays Off Over 500 Employees as Tech Industry Cuts Continue https://t.co/8EShQ86o68
⚠️ JUST IN: *SNAP PLANS TO CUT GLOBAL HEADCOUNT BY ABOUT 10% $SNAP https://t.co/T7PnZRcu8V
UPDATE 3-Snap to lay off 10% of its workforce as spate of job cuts continue https://t.co/FiC9YRJKby
Exclusive: Several senior Snap executives were laid off today, as part of broader layoffs, reflecting Snap’s efforts to reduce costly stock compensation. https://t.co/RLOQVSIsZY By @erinkwoo
TECH LAYOFFS: Snap is cutting approximately 530 employees from its worldwide workforce. https://t.co/gd0W3SLSiS https://t.co/sFvbyvLIFP
So far some 32,000 tech workers have lost their jobs in 2024 as the industry pares back even further after widespread layoffs last year https://t.co/EOSTunuPlB
Snap announces it will lay off 528 employees or around 10% of its workforce. Almost 32,000 jobs have been cut from 122 tech companies since the beginning of the year. https://t.co/wG7BKibn5J
Snapchat to layoff hundreds of employees https://t.co/5JDDNkyz8G
Snap To Lay Off 10% of Global Workforce https://t.co/hQRdLCCCtf
Snap laying off more than 500 employees https://t.co/JN46xgrN05 https://t.co/0Ty4KaxaVk
Snap is laying off about 10% of its employees worldwide. https://t.co/9J2VVRTPiQ
"Snap to Slash Workforce by 10%" Apparently the jobs will disappear 10 seconds after you see them. https://t.co/GE3G4kQzyf
Snapchat cuts 10% of workforce - about 528 jobs - in further sign that 2023's layoffs by tech firms are not over https://t.co/ZY96L4FkMb https://t.co/6G5lJoJ7rh
Snap plans to reduce its workforce by about 10% to trim costs https://t.co/Cgx98ABhev https://t.co/Cgx98ABhev
Snap is laying off 10 percent of its workforce https://t.co/ljsuZcEbCU https://t.co/8VlSMlqRSt
California-based Snapchat to lay off 10% of staff https://t.co/w6NSFytxmH
Snap to lay off 10% of its workforce as spate of job cuts continue https://t.co/x1z3D7ED1N https://t.co/SI7XzHtXid
Snapchat cuts 10% of workforce - in further sign that 2023's layoffs by tech firms are not over https://t.co/sWxNCFMiVB https://t.co/pvOVBqfzrN
📉 Snapchat lays off another 10%. • Its third layoff. • This time, it was “to promote in-person collaboration.” • This comes after a 20% cut in August and 4-day per week RTO mandate. Lessons: 1. Don’t slack on your RTO attendance. 2. Bolt from market losers.
Snap to lay off 'approximately' 10% of its staff https://t.co/OMmwMPlxJL
Snap is the latest impacted by tech layoffs: https://t.co/Fw7oIdOWqX https://t.co/9zHV4ciO5q
Snap Slashes 10% Of Workforce In Latest Tech Layoffs https://t.co/mdLb7SLTUd https://t.co/z1Hz8p7dsS
SNAPCHAT TO LAYOFFS 10% OF ALL ITS EMPLOYEES $SNAP https://t.co/igoVzjRbnf
Snap, the parent of messaging app Snapchat, said it would lay off more than 500 employees, joining other tech companies in a wave of new cost-cutting measures. The layoffs amount to 10% of its global work force. https://t.co/hV7GICH1Nb
Snap is latest tech company to slash jobs, laying off 10% of workforce https://t.co/RgMY540LOj
Snap lays off 10% of workforce in tech sector bloodbath https://t.co/bXepcdcyrC https://t.co/ajSzL1DXz4
Snap announced this morning that it's laying off 10% of its total staff, roughly 500 employees That makes nearly 32,000 job cuts across 122 tech companies already this year https://t.co/4z4EieOGJ2
Snap is laying off 10% of its workforce, becoming the latest tech company to slash jobs. https://t.co/hVNsFsBOFB
Snap to slash 10% of staff as tech layoffs continue https://t.co/Vn0B6QKtbV
$SNAP (-2.35%) Announces they are cutting 10% of staff ahead of its earnings report that drops on Tuesday They are the latest tech company to follow in the foot steps of the major players as the race to reduce costs continues https://t.co/540VA9rQPI
Snap is laying off ~500 employees (10%) https://t.co/NwV6atNdbS
Snap is the latest tech company to announce layoffs -- they'll be cutting 10% of their workforce. https://t.co/KkjCN0WxUD
Snap is cutting 10 percent of its staff https://t.co/pY0WcDhm6Q
Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company https://t.co/MaPM5WFrEG
Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company: https://t.co/zqBUvlHs9u by TechCrunch #infosec #cybersecurity #technology #news
Snapchat's parent company has announced plans to lay off 10% of its global full-time employees, which is about 540 staffers. The latest job cuts come after Snap laid off 20% of its workforce, nearly 1,300 employees, in August 2022. https://t.co/YH964ooe3g
Snap to lay off 10% of its global work force https://t.co/1GuGkFZV4S https://t.co/Fm5iFLgcsQ
employment is increasing everywhere except the tech sector Snap to lay off 10% of global workforce, around 500 employees https://t.co/lgZRj97Im8
JUST IN: Snap Inc, $SNAP, is laying off 10% of its workforce in an effort to reduce costs. Snap said the mass layoffs may extend into the second quarter of 2024. This comes as the social media deals with an going slump in ad revenue. The layoffs will result in charges of… https://t.co/CoipjCX4uF
$SNAP is planning to reduce its employee based by about 10% or >500 employees from a base of 5,367
Snap To Lay Off 10% Of Global Workforce https://t.co/hHO97g31T1
Snap is reducing its workforce by roughly 10% worldwide, joining the chorus of tech companies that have announced a fresh round of cuts since the start of the year https://t.co/6D61kjbXAj
Just in, $SNAP plans to lay off 10% of its global workforce https://t.co/9Vk7zQ0dwz
Tech job cuts continue...this time it's Snap, the parent company of social media platform Snapchat. https://t.co/h1PIvK4DcS (via @rogoswami @CNBCtech @cnbc) $SNAP
Whenever these tech company layoffs are announced it causes the same question. How does $snap have 5000 employees?!
Snapchat Parent to Lay Off 10% of Workforce https://t.co/JnHv2PDYGf
⚠️ SNAP TO LAY OFF 10% OF ITS WORKFORCE (Reuters) Snap said on Monday it would cut around 10% of its workforce, joining other tech and media firms who recently announced job cuts..... For more on this story, check out PiQ Suite https://t.co/GYNQlEvdQ9
Snap plans to lay off 10% of its global workforce, or around 529 employees (@rogoswami / CNBC) https://t.co/3oxYWMMQHW 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/dGgmTsPDO0
Snap to Slash Workforce by 10 Percent Amid Tech Layoff Spree https://t.co/3XQjKSF3oM
*SNAP PLANS TO CUT GLOBAL HEADCOUNT BY ABOUT 10% Time to update the list which the Biden Bureau of Part-Time Labor Statistics hopes you never see: 1. Twitch: 35% of workforce 2. Roomba: 31% of workforce 3. Hasbro: 20% of workforce 4. LA Times: 20% of workforce 5. Spotify: 17%…
Layoff announcements daily now 🧐 SNAP PLAN TO CUT OUR GLOBAL HEADCOUNT BY ABOUT 10% https://t.co/L1a1t8i5ex
Snap to lay off 10% of global workforce, around 500 employees: CNBC $SNAP https://t.co/R1xjUSJsSO
Snapchat $SNAP just announced plans to cut its global workforce by ~10% impacting ~500 employees
BREAKING: Snap to lay off 10% of global workforce, around 500 employees - CNBC
Snap to lay off 10% of global workforce, around 500 employees @CNBC https://t.co/tSa4jaH32H
Snap to lay off 10% of global workforce, around 500 employees https://t.co/e2l4Cav97N
Snapchat $SNAP just announced plans to cut its global workforce by ~10%
*SNAP PLANS TO CUT GLOBAL HEADCOUNT BY ABOUT 10%
🔴 SNAP PLAN TO CUT GLOBAL HEADCOUNT BY ABOUT 10%.
$SNAP ❖ SNAP PLAN TO CUT OUR GLOBAL HEADCOUNT BY ABOUT 10%
#Update: During the first month of 2024, 107 tech companies cut 29,375 jobs. -@Layoffsfyi