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Snapchat layoffs: Social media company cuts 1,000 jobs, sees stock pop

(KRON) — Snapchat parent company Snap Inc. announced Wednesday that it would be cutting 1,000 jobs. Snap CEO Evan Spiegel announced the layoffs in a memo Wednesday, headlined “Organizational Changes at Snap.” The layoffs, which amount to a 16% reduction of the company’s total headcount, will be in addition to closing more than 300 open […]

​(KRON) — Snapchat parent company Snap Inc. announced Wednesday that it would be cutting 1,000 jobs. Snap CEO Evan Spiegel announced the layoffs in a memo Wednesday, headlined “Organizational Changes at Snap.” The layoffs, which amount to a 16% reduction of the company’s total headcount, will be in addition to closing more than 300 open […] 

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