Snapchat's parent Snap to lay off 15-20% of its workforce: Report

Snapchat's parent company, Snap Inc, is set to lay off around 15-20% of its workforce, reported Alex Heath. The layoffs have reportedly been described as "sweeping cuts that will more distinctly separate the Snapchat business from Specs." Furthermore, the planned integration of a $400 million deal between Snap and Perplexity AI has reportedly been aborted due to disagreements.