Snap Falls 7% Amid Reports Of 20% Workforce Layoff, Ad Exec Leaving For Netflix

Following the expected guidance miss, Snap Inc. (NYSE: SNAP) is rumored to be considering letting go 20% of its employees. The report, broke by The Verge, relayed what people familiar with the matter said of the plans of cutting one-fifth of the tech firm’s 6,400 workforce. The layoffs have reportedly been in the pipeline for … Continue reading Snap Falls 7% Amid Reports Of 20% Workforce Layoff, Ad Exec Leaving For Netflix