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Snap is laying off 20 percent of its employees, two executives are leaving for Netflix, and Snap will discontinue some apps, products, and the production of its shorts with influencers.
Snap's stock price fell 80 percent this year. Now, it is laying off 20 percent of its workforce.
Layoffs Sweeping the US: , CNN, Goldman Sachs Making Cuts
Snap Lays Off 10% of Its Work Force - The New York Times
Snap will lay off 20% of staff, report says
Snap to lay off 'approximately' 10% of its staff
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Layoffs Observer
Snapchat to lay off more than 1,200 staffers, or 20% of global headcount
Snap will lay off 20% of staff, report says
Layoffs Observer
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