Snap to axe 1,000 staff: Snapchat parent faces pressure from activist investor, shares climb over 5% in premarket(Soban News)

The Snapchat parent company will also eliminate over 300 vacant positions, aiming to slash annualized expenses by more than $500 million by the latter half of this year.

​The Snapchat parent company will also eliminate over 300 vacant positions, aiming to slash annualized expenses by more than $500 million by the latter half of this year. by Soban News (international And National News)