Snap says significant business rebuilding is coming and affirms it’s cutting 20% of staff

Snap losing two major executives may be bigger deal than 20% workforce cut, Wall Street says

“While we have assembled significant capital saves, and have put forth broad attempts to keep away from decreases in the size of our group by lessening spend in different regions, we should now confront the outcomes of our lower income development and adjust to the market climate,” Spiegel said. “We are rebuilding our business to increment center around our three vital needs: local area development, income development, and expanded reality.”

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