Snap is planning to lay off employees

Aug 9 2022 by The Verge

 
Snap CEO Evan Spiegel unveiling the company’s pair of AR glasses last year. | Photo by Snap Partner Summit 2021 - Snap Inc/Getty Images for Snap Inc

Snap is in the early stages of planning layoffs, according to two people familiar with the plans.

The planned cuts come after the company recently delivered disappointing earnings results and didn't forecast earnings for the third quarter — news that sent its stock price cratering to near-all-time lows. It’s currently unclear how...

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