Snap to lay off 10% of global workforce (opens in new tab)

(cnbc.com)

26 pointsdhaulagiri2y ago2 comments

2 comments

Key points:

- Snap said it would lay off 10% of its workforce worldwide, around 500 employees, to “promote in-person collaboration.”

- The Snapchat-maker’s last major round of cuts was in 2022, when it laid off 20% of staff.

I read that as "sack 10% to selectively threaten the other 90% with a return to office".

j / k navigate · click thread line to collapse

Key points:

- Snap said it would lay off 10% of its workforce worldwide, around 500 employees, to “promote in-person collaboration.”

- The Snapchat-maker’s last major round of cuts was in 2022, when it laid off 20% of staff.

I read that as "sack 10% to selectively threaten the other 90% with a return to office".

j / k navigate · click thread line to collapse