Snapchat announces massive layoffs and project cancellations

Snapchat has announced it is laying off about 20% of its employees and canceling several of its projects. Alex Heath, a deputy editor for The Verge, joins CBS News to discuss these major developments at the social media company. #news #snapchat #socialmedia CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Paramount+ free: For video licensing inquiries, contact: [email protected]


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