Snap Layoffs 2024: What to Know About the Latest SNAP Job Cuts

Social media firm Snap (NYSE:SNAP) will lay off approximately 500 employees or 10% of its global workforce. Almost immediately, SNAP stock fell sharply. Since 2022, Snap layoffs have represented a rather burgeoning development. Also, the headcount reduction within the technology ecosystem clashes with the broader bullish sentiment for the U.S. economy.According to a CNBC report, Snap anticipates that it will incur charges ranging from $55 million to $75 million, based on a regulatory filing. In November, th ...