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| 07 March, 2018

Snap to lay off about 100 engineers - CNBC

Layoffs would be Snapchat parent company's largest yet and the first to affect its engineers

The Snapchat messaging application is seen on a phone screen August 3, 2017.

The Snapchat messaging application is seen on a phone screen August 3, 2017.

REUTERS/Thomas White

Snapchat parent Snap Inc is laying off nearly 10 percent of its engineering team, or about 100 people, CNBC reported on Wednesday.

The layoffs would be Snap's largest yet and the first to affect its engineers, CNBC said.

Snap declined to comment when contacted by Reuters.

Business news website Cheddar, which earlier reported the layoffs on Wednesday, said the cuts would be announced internally within a week.

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(Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar) ((Laharee.Chatterjee@thomsonreuters.com; within U.S. +1-646-223-8780; outside U.S. +91 80 6749 8081; Reuters Messaging: Laharee.Chatterjee.thomsonreuters.com@reuters.net))