Snapchat Parent Says Layoffs Will Help It Save $34 Million Annually
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Snap, the parent company of Snapchat, has said that its recent layoffs of about 220 employees will save it $34 million (roughly Rs. 221 crores) per year in salaries and taxes, as well as a one-time benefit of $31 million (roughly Rs. 201 crores) related to stock-based comp forfeitures. Snap made the …