Snap acknowledged it laid off about 7% of its workforce this month, primarily in engineering and sales, as it responded to what it vaguely describes as “structural changes” in its business. The company said it will incur $10 million in expenses associated with the job cuts, though it expects to realize a savings of about $25 million this year in reduced payroll and taxes. “The reduction in force is to align resources around our top strategic priorities and to reflect…
from Deadline https://ift.tt/2pUnz0f
Subscribe to:
Post Comments (Atom)
-
Shares in Micro Focus, the UK's biggest technology firm, crash after warning on lower revenues. from BBC News - Technology http://ift....
-
ON THE MORNING of June 6, 1944, the Allies landed on the beaches of Normandy. That same night, Albert Camus and Maria Casarès landed in bed ...
-
(Reuters) - A U.S. appeals court in Manhattan on Monday ruled that a federal law banning sex bias in the workplace also prohibits discrimina...
No comments:
Post a Comment