$Snap Inc(SNAP)$
hot news! [Glance]
Snap reportedly plans to lay off roughly 1 in every 5 employees
More from the news I read this morning:
Snap  would cut about one in five employees, after previously reporting executive discussions about cutbacks in the wake of a disappointing quarterly earnings report. The fresh report said that executives will begin making the cuts on Wednesday, and target specific departments such as hardware, an area that Snapchat’s parent company has struggled to break into, including a freshly scrapped drone initiative
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