rising interest rates

Snapchat to cut 20% jobs after lowest revenue growth in its history

Snap Inc (SNAP.N) said on Wednesday revenue growth in the third quarter is running at the slowest rate in the company's history, as high inflation, rising interest rates and a deteriorating economy continues to ravage the advertising industry.

August 31, 2022
August 31, 2022

Snapchat to cut 20% jobs after lowest revenue growth in its history

Snap Inc (SNAP.N) said on Wednesday revenue growth in the third quarter is running at the slowest rate in the company's history, as high inflation, rising interest rates and a deteriorating economy continues to ravage the advertising industry.

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