Snap just announced layoffs: find out more

Snap Inc (NYSE: SNAP) opened in the green this morning after announcing plans of lowering its headcount by some 10%.How many employees will be let go?Copy link to sectionThe social media and tech company will let go about 529 of its employees in total. Snap expects the layoff to result in up to $75 million in charges, as per its regulatory filing on Monday. Note that it’s not the only tech company to have announced a job cut this year.Others, including Okta and even Microsoft Corp has recently lowered their ...