The logo for Snap Inc. appears above a post on the floor of the New York Stock Exchange, Feb. 5, 2020. The parent company of social media platform Snapchat said Wednesday, Aug. 31, 2022, that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining sales. In a letter to staff, CEO Evan Spiegel said sales were not keeping up with earlier projections and that the company had to reduce costs to avoid mounting losses. (AP Photo/Richard Drew, file)
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