Layoffs hit Snapchat owner Snap as 1,000 jobs slashed by CEO Evan Spiegel.
Snap inc. is laying off 16 percent of its employees, about 1,000 people, as CEO Evan Spiegel says the Snapchat owner is facing a “crucible moment” as it tries to path find a path toward sustained profitability.
Spiegel announced the significant cuts ... [1425 chars]