Snap Inc., which has struggled with slowing growth, plans to layoff about 10% of its engineers, people close to the social-media company said. The reductions would mark the third and largest round of layoffs since the company, which currently employs about 3,000 people, went public in 2017. It previously laid off a few dozen employees in its recruiting and video-recording Spectacles units.

Source: Wall Street Journal March 07, 2018 22:45 UTC