Amid pressure from investors, Snapchat parent cuts 7% of global workforce
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- Category : Snapchat
Snap on Friday said it cut 7 per cent of its global workforce in March, as disclosed by it in a regulatory filing. The social media company said it would incur about $10 million of cash expenditure due to severance costs to be reflected in the current quarter ending March 31. As a result of the layoffs, mainly …