Snapchat parent cuts 7 percent of its global workforce in March; says will lead to $25 mn in saving
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- Category : Snapchat
Snapchat 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, primarily in its engineering and sales teams, the company said it sees savings of about $25 million in 2018. The company had said it …