Snap Said to Be Cutting 20% of Workforce

Snap Inc. is planning to lay off about 20% of its nearly 6,500 employees following weeks of planning, the Verge reported.

Job cuts will begin on Wednesday with the team working on Minis, small applications made by third-parties which run in the Snapchat app, affected the most, the report said. Zenly, the company Snap acquired in 2017 for social mapping, will also be affected by the workfo…

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