PALO ALTO, California — Snap has decided to chop nearly 500 jobs in California, including scores of layoffs in the Bay Area, a brutal round of cost-cutting ushered in by a string of setbacks in the financial results for the Snapchat owner.
In a series of official notices posted with state labor officials, Snap revealed it has cut 485 jobs in California, of which 84 were in the Bay Area, formal WARN filings showed.
The camera and social media company cut 44 jobs in Palo Alto and 40 positions in San Francisco, according to official company filings with the state Employment Development Department.
