Friday, March 31, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
LiveMag
  • Home
  • World
  • Business
  • Videos
  • Health
    • Food
  • Sports
  • Entertainment
    • Literature
  • Travel
  • Fashion
    • Lifestyle
No Result
View All Result
  • Home
  • World
  • Business
  • Videos
  • Health
    • Food
  • Sports
  • Entertainment
    • Literature
  • Travel
  • Fashion
    • Lifestyle
No Result
View All Result
LiveMag
No Result
View All Result
Home World

Snap will lay off 20% of employees, report says

livemag by livemag
August 31, 2022
in World
0
Snap will lay off 20% of employees, report says
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Know-how convention devoted to innovation and startups, on the Porte de Versailles exhibition heart in Paris, France June 17, 2022.

Benoit Tessier | Reuters

Snap is shedding 20% of its workforce, which equates to over 1,000 workers, in line with a report printed Tuesday by the Verge.

The layoffs will start on Wednesday, the report stated, and can have an effect on sure departments together with {hardware} and developer merchandise.

Snap has had a troublesome 12 months, with the corporate most lately lacking on each income and earnings within the second quarter. In its Q2 investor letter on July 21, Snap stated it might not present steering for its present quarter and stated “forward-looking visibility stays extremely difficult.” 

Snap shares dropped greater than 25% on the day it reported its second quarter earnings. The corporate’s disappointing outcomes kickstarted a wave of social media firms reporting poor outcomes, citing a weak internet marketing market, amongst different causes.

Fb-parent Meta additionally missed analysts’ estimates for its second quarter, as did Pinterest.

The social media firms blamed a few of their issues on companies chopping again on digital promoting due to the weak financial system. Moreover, these firms have stated {that a} 2021 privateness replace to Apple’s iOS has made it tougher for them to trace customers, thus negatively impacting their on-line advert models.

Earlier in August, Snap scrapped the event of its Pixy flying digital camera drone, first introduced in April.

Snap declined to touch upon the report.



Source_link

You might also like

Turkey’s parliament clears the way for Finland to join NATO : NPR

EU issues warning to China over Ukraine — RT World News

Virgin Orbit fails to secure funding, ceasing operations, conducting layoffs

Previous Post

Hilary Duff’s Viral Textual content With Her Assistant

Next Post

15 Finest Seashores in Albania

livemag

livemag

Related Posts

Turkey’s parliament clears the way for Finland to join NATO : NPR
World

Turkey’s parliament clears the way for Finland to join NATO : NPR

by livemag
March 30, 2023
EU issues warning to China over Ukraine — RT World News
World

EU issues warning to China over Ukraine — RT World News

by livemag
March 30, 2023
Virgin Orbit fails to secure funding, ceasing operations, conducting layoffs
World

Virgin Orbit fails to secure funding, ceasing operations, conducting layoffs

by livemag
March 30, 2023
Camila Cabello celebrates grandmother’s novel and strength
World

Camila Cabello celebrates grandmother’s novel and strength

by livemag
March 30, 2023
Girl’S 2006 Murder Case: Immigrant acquitted in girl’s 2006 murder that riveted Israel
World

Girl’S 2006 Murder Case: Immigrant acquitted in girl’s 2006 murder that riveted Israel

by livemag
March 30, 2023
Next Post
15 Finest Seashores in Albania

15 Finest Seashores in Albania

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Entertainment News Roundup: ByteDance plans music-streaming expansion to take on Spotify – WSJ; Jessica Chastain, Eddie Redmayne tell serial killer story in ‘The Good Nurse’ and more

Entertainment News Roundup: ByteDance plans music-streaming expansion to take on Spotify – WSJ; Jessica Chastain, Eddie Redmayne tell serial killer story in ‘The Good Nurse’ and more

October 13, 2022
Three Tips to Keep in Mind for Amazing Historical Tours

Three Tips to Keep in Mind for Amazing Historical Tours

March 30, 2023

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Literature
  • Reviews
  • Sports
  • Travel
  • Videos
  • World

Don't miss it

Best Designer Bags on Amazon
Fashion

Best Designer Bags on Amazon

March 31, 2023
Sonalee Kulkarni and Amruta Khanvilkar arrive at Planet Marathi Filmfare Awards Marathi 2022
Entertainment

Sonalee Kulkarni and Amruta Khanvilkar arrive at Planet Marathi Filmfare Awards Marathi 2022

March 31, 2023
Donald Trump indicted on criminal charges in New York
Business

Donald Trump indicted on criminal charges in New York

March 31, 2023
25 Best Summer Dresses On Amazon Under $100
Fashion

25 Best Summer Dresses On Amazon Under $100

March 30, 2023
Turkey’s parliament clears the way for Finland to join NATO : NPR
World

Turkey’s parliament clears the way for Finland to join NATO : NPR

March 30, 2023
Dr. Marian Croak, The Black Woman You Can Thank For Internet Calls
Entertainment

Dr. Marian Croak, The Black Woman You Can Thank For Internet Calls

March 30, 2023

LiveMag

Welcome to livemag The goal of livemag is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Literature
  • Reviews
  • Sports
  • Travel
  • Videos
  • World

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

Best Designer Bags on Amazon

Best Designer Bags on Amazon

March 31, 2023
Sonalee Kulkarni and Amruta Khanvilkar arrive at Planet Marathi Filmfare Awards Marathi 2022

Sonalee Kulkarni and Amruta Khanvilkar arrive at Planet Marathi Filmfare Awards Marathi 2022

March 31, 2023

Copyright © 2022 Livemag.net | All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Business
  • Videos
  • Health
    • Food
  • Sports
  • Entertainment
    • Literature
  • Travel
  • Fashion
    • Lifestyle

Copyright © 2022 Livemag.net | All Rights Reserved.

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT