Based on news reporting.
Snap Inc. has announced a significant reduction in its workforce, cutting approximately 20% of its jobs, which translates to around 2,000 employees. This decision comes as CEO Evan Spiegel pivots the company's focus towards augmented reality (AR) glasses following the collapse of a deal with Perplexity AI. The layoffs are part of a broader strategy to streamline operations and adapt to changing market conditions. The company aims to enhance its product offerings in the AR space, reflecting a shift in priorities amidst ongoing challenges in the tech industry.
Snap Inc. cut 2,000 jobs as of October 1, 2023.
LayoffTalk has tracked 15 layoff events at Snap Inc. since January 2023, affecting a combined 4,970 employees.
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