Snapchat owner to cut more than 500 jobs

The owner of Snapchat has become the latest tech firm to announce job cuts.Snap Inc said it would shed 10% of its workforce - around 530 employees - with most roles expected to go in the first quarter. The disclosure was made in a regulatory filing, which also revealed the company expects to face charges of up to $75m (£60m) in severance payouts and other related costs.The California-based firm employs more than 5,300 staff globally, including around 500 in the UK.A Snap spokeswoman told Sky News it was una ...