Snap Announces 20% Staff Layoffs, Will End Production of Original Series - 1breakingnews.com

1BN-General 2022-08-31

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With the moves, Snap estimated that it will save $500 million in cash expenses on an annualized basis relative to the second quarter of 2022. That includes a $50 million estimated reduction in fixed content costs with the elimination of Snap Originals.

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