Snap will lay off 20% of personnel, report suggests

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference devoted to innovation and startups, at the Porte de Versailles exhibition centre in Paris, France June 17, 2022.

Benoit Tessier | Reuters

Snap is laying off 20% of its workforce, which equates to about 1,000 workers, according to a report released Tuesday by the Verge.

The firm’s shares were down just about 3% in immediately after-several hours trading.

This is breaking information. Remember to verify back again for updates.

Resource

World

Stock futures are little changed after S&P 500 posts back-to-back losses: Live updates

December 30, 2025

Traders work on the floor of the New York Stock Exchange in New York, Dec. 29, 2025. Michael Nagle | Bloomberg | Getty Images Stock futures were relatively unchanged overnight, after the S&P 500 posted back-to-back losses amid mounting pressure across the tech sector. S&P 500 futures were virtually flat, while futures tied to the […]

World

Asia-Pacific markets set to open mostly lower on penultimate day of the year

December 29, 2025

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets were set to mostly fall Tuesday, after the tech sell-down on Wall Street continued on AI bubble fears. Nvidia shares dropped more than 1% Monday stateside, giving back some […]

World

Trump threatens to ‘knock the hell’ out of Iran if they build weapons

December 29, 2025

U.S. President Donald Trump speaks to the media next to Israeli Prime Minister Benjamin Netanyahu upon arrival for meetings at Trump’s Mar-a-Lago club in Palm Beach, Florida, U.S., Dec. 29, 2025. Jonathan Ernst | Reuters President Donald Trump on Monday appeared open to additional military action against Iran if the country attempts to build up […]