Snap lays off 120 employees from its engineering team
Snapchat's parent company Snap has laid off 120 employees from its engineering team as a part of the team's reconstruction. "We are doing this after a thoughtful and respectful review of each team member," Snap said in an email to employees. Earlier, Snap CEO Evan Spiegel said the company will be hiring employees at a "slower rate" in 2018.