Snapchat Plans Positive Streamlining: Global Team Optimization by 10%

Giving this information on Monday, Snapchat said that it will cut its 528 employees, or 10% of its global workforce, and will join the media and other technology companies that have recently cut jobs.

by TAUHID SHAH: February 5: Monday: 21:31| 2024 Updated.

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And you need to know that before sending the bell, there has been a growth of 2% in the shares of the company.

Snapchat’s parent is also reported to expect a pre-tax charge in the range of $55 million to $75 million, primarily including severance and related, of which $45 million to $55 million will be future cash. Expenditure is expected.

And it is also being told that this is expected to be spent during the first quarter of 2024.

This information is taken from yahoo.com

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