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NEW YORK - Snap said on Feb 5 it would cut around 528 employees, or 10 per cent of its global workforce, a sign that the spate of tech layoffs seen in 2023 could persist as firms grapple with economic uncertainty.
The company joins other tech and media firms such as Amazon and Alphabet that announced layoffs in January. Remote workers seem to be hit the hardest by Snap’s cut, said a person familiar with the matter, as the company has been pushing employees to come back to the office for four days a week since a year ago.
Overall, almost 32,000 workers have been let go from 122 tech companies since the start of the year, according to tracking website Layoffs.fyi
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Snap axes 10% of workforce as tech layoffs continue, 32k
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06-Feb 2024 Tuesday
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