The owner of messaging app Snapchat is planning to cut up to 10% of its workforce, according to people familiar with the plans

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The owner of messaging app Snapchat is planning to cut up to 10% of its workforce, according to people familiar with the plans

Snap is in the early stages of planning layoffs, according to two people familiar with the plans. Snap is at the early stage of layoffs.

It’s currently unclear how many of snap’s more than 6,000 employees will be laid off. Managers are still planning the full scope of the cuts for their teams.

Russ caditz-peck, a snap spokesman, declined to comment. Snap spokesman Russ caditz-peck declines to comment.

Snap’s business has been hurt recently on two major fronts. The first is Apple’s introduction of the’ask app not to track’ prompt. The second factor is the broader economic downturn.

The last time snap did layoffs was in 2018, when it was still reeling from the fallout of a poorly executed Snapchat redesign. Since then, its user base has grown to 347 million daily users.

In late May, CEO Evan Spiegel told employees that the company would sharply pullback on hiring and’find additional cost savings’.

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