Snap reportedly plans to lay off around a fifth of its employees
on Snapchat will be among the hardest hit by the cuts. Social mapping app Zenly, which Snap bought in 2017 and kept running independently, is expected to be heavily impacted. The advertising sales team will also be restructured, according to the report.
It’s been a rough year for Snap, which has seen its stock price fall by 80 percent since January amid a broader economic slowdown that has
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