Snap to cut 10% of global workforce

Snap Inc. said on Monday that it plans to cut 10% of its global workforce. "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," the company announced in a Securities and Exchange Commission filing Monday. The parent company of social media platform Snapchat said it expects to incur charges between $55 million and $75 million during ...