Snapchat’s parent company shutters Web3 division amid layoffs By Cointelegraph
[ad_1]
Snapchat’s parent company shutters Web3 division amid layoffsSnap Inc (NYSE:)’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%.
The note said that this round of layoffs comes after the company experienced slow revenue growth, a slump in stock prices, and a general lag behind its financial targets. Speigel shared:
Continue Reading on Coin Telegraph
[ad_2]
Source link
Snapchat’s parent company shutters Web3 division amid layoffsSnap Inc (NYSE:)’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%.
The note said that this round of layoffs comes after the company experienced slow revenue growth, a slump in stock prices, and a general lag behind its financial targets. Speigel shared:
Continue Reading on Coin Telegraph
About The Author
