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Snapchat’s Parent Set to Lay Off 10% of Global Workforce to ‘Reduce Hierarchy’

The parent company of Snapchat -- Snap -- is laying off about 10 percent of its workforce as layoffs continue to stalk the tech sector. Snap announced the cut Monday, which will impact more than 500 employees, according to TechCrunch, which noted that as of last year’s third quarter, Snap...

The parent company of Snapchat — Snap — is laying off about 10 percent of its workforce as layoffs continue to stalk the tech sector. Snap announced the cut Monday, which will impact more than 500 employees, according to TechCrunch, which noted that as of last year’s third quarter, Snap…

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