March 8, 2018 / 5:51 PM / 3 months ago

Snapchat owner to cut more than 120 engineers

SAN FRANCISCO, March 8 (Reuters) - Snapchat owner Snap Inc will cut just over 120 engineers and reorganize its engineering team, according to a company memo seen by Reuters on Thursday.

The smartphone app known for popularizing disappearing messages will offer a package of benefits to those being laid off, the memo from engineering chief Jerry Hunter said.

Reporting by David Ingram

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