Global Tech Layoffs: Snap Inc to Fire 10% of its Workforce Worldwide | Vantage with Palki Sharma nnSnapchat's parent company, Snap Inc will lay off 10% of its global workforce. This comes as Snap faces tough competition by rivals Facebook and Instagram, and shrinking ad revenue. Once a global digital phenomenon, Snap Inc is struggling to avoid a crisis of survival. The company cut 1300 jobs in 2022, followed by the lay-offs of around 170 employees in 2023. What went wrong with Snap? Palki Sharma tells you.
