Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022.
Benoit Tessier | Reuters
Snap is laying off 20% of its workforce, which equates to over 1,000 employees, according to a report published Tuesday by the Verge.
The company’s shares were down nearly 3% in after-hours trading.
This is breaking news. Please check back for updates.