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.

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