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Move of laying off 220 employees to save $34 million annually, says Snap Inc

Move of laying off 220 employees to save $34 million annually, says Snap Inc

Apr 02, 2018, at 02:15 am

New York, Apr 1 (IBNS): Snap Inc., the parent company of Snapchat, has said that its recent move of laying off about 220 employees is going to save it $34 million per year in salaries and taxes, media reports said on Sunday.