- Snap Inc. is set to cut 15-20% of its workforce as part of a restructuring effort, with some teams facing significant layoffs while the Specs unit continues to hire.
- The company has also scrapped a planned $400 million integration with Perplexity.
- These changes highlight Snap’s ongoing challenges in the competitive tech landscape.
Snap Inc. plans major layoffs and cancels Perplexity deal
Snap Inc. is set to cut 15-20% of its workforce as part of a restructuring effort, with some teams facing significant layoffs while the Specs unit continues to hire. The company has also scrapped a planned $400 million integration with Perplexity. These changes highlight Snap's ongoing challenges in the competitive tech landscape.