Snap’s Web3 team among 20% workforce reduction
Fri, Sep 2, 2022 2:14 PM

Snap’s Web3 team among 20% workforce reduction

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Social media giant, Snap appears to have cut down its Web3 team as part of the social media company’s decision to restructure and cut its headcount by about 20%. CEO Evan Spiegel acknowledged that executives were concerned about company's underperformance after the release of the company's second-quarter earnings in July.

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