Snapchat cuts 20% of employees and new Recruitment

The Snapchat maker has discontinued some of its products and... 

appointed an executive, amid financial difficulties.

Snap Inc. CEO Evan Spiegel clarified for the staff why the progressions are important,

saying "it has become evident that we should diminish our expense construction to abstain from causing critical continuous losses."



Many thanks to you for your understanding as we have managed our 2023 monetary preparation and reprioritization process.

Our forward-looking income perceivability stays restricted, and our ongoing year-over-year QTD income development of 8% is well below the thing we were anticipating recently.

While we will proceed with our work to reaccelerate income development

Thank you for your dedication, hard work, and commitment to our community - Evan

Flight Path

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