Snap to Cut 20% of Workforce Starting Wednesday, Verge Says
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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 workforce reduction.