Snapchat prepares to lay off employees after posting quarterly loss

  • Instant multimedia messaging app Snapchat is planning to lay off a number of its employees, after the company declared a fall in its profits in the second quarter of the current calendar year (Q2CY22).
  • Since it went public in 2017, Snapchat has been profitable for only one quarter. It had last announced layoffs in 2018.


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