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Snap to lay off about 16% of staff

April 15: Snap said on Wednesday it would lay off about 1, 000 employees, including 16 per cent of its full-time staff, weeks after activist investor Irenic Capital Management pushed the Snapchat parent to optimize its portfolio and improve performance. The company would also close more than 300 open roles, Sn

Read full story on Channel Newsasia

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