Recent layoff of 220 employees to save $34 million annually: Snap Inc
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- Category : Snapchat
Snap Inc., the parent company of Snapchat, has said that its recent layoffs of about 220 employees will save it $34 million per year in salaries and taxes, as well as a one-time benefit of $31 million related to stock-based comp forfeitures. The company made the disclosure in a securities and exchange …