Snap announced another round of layoffs on Monday, the latest for Snapchat's parent company.
The company said in a regulatory filing that it would cut 10% of its workforce.
Two workers at the social media company previously told Business Insider's Kali Hays that several dozen Snap staffers were let go on Friday and more cuts were expected.
Meanwhile, BI previously reported the company has struggled to deal with shifts in the digital ad market and fierce competition from TikTok and Meta.
It's the latest company to make cuts in what's been a brutal start to 2024 for tech workers.
Persons:
Derek Andersen, Kali Hays
Organizations:
Apple's
Locations:
what's