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Snapchat’s parent company fires 20% of its employees

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2 years ago

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Snapchat’s parent company Snap is planning to layoff 20% of its employees after a horror year for its share price

Snap’s stock price has declined by nearly 80 per cent this year, and now the company plans to axe more than a thousand jobs.

The layoffs have been planned for several weeks.

Areas of the company most likely to be targeted include Zenly, the social media app, which was bought by Snap in 2017.

The company’s Chief Business Officer is also out, moving across to Netflix to push its ad sales business.

In May the company warned it was looking for ways to cut costs, but then delivered a dismal earnings report for the second quarter.

The company has declined to comment.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Deadpool & Wolverine movie seeks to break Disney’s streak of comic book flops

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23 hours ago

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July 26, 2024

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A new hope for Disney’s comic book universe.

 

The upcoming Deadpool & Wolverine movie aims to revitalise Disney’s comic book adaptations, breaking the recent streak of underperforming titles on Disney Plus. Despite high expectations, series like She-Hulk: Attorney at Law and Secret Invasion failed to capture audiences, leaving fans eager for a blockbuster hit. With iconic characters and a promise of thrilling action, this film is set to reinvigorate the franchise and restore faith in Disney’s comic book ventures.

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AI enters the Big Brother house, raising concerns around the truth of reality TV

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3 days ago

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July 24, 2024

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How will the integration of AI into reality TV impact audience engagement and what role will this have on the future of entertainment?

The latest season of Big Brother has left fans scratching their heads with the introduction of Big Brother AI, also knowns as BB AI, taking centre stage.

Tom Finnigan from Talkingbrands.ai joins to discuss all the curious AI cases of the week. #featured

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Leaders

UN initiative aims to set international standards for AI ethics

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3 days ago

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July 24, 2024

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The United Nations has launched a comprehensive initiative aimed at establishing international guidelines for the governance of artificial intelligence.

The UN seeks to address ethical concerns, regulatory frameworks, and human rights implications associated with AI advancements.

Dr. Karen Sutherland from the UniSC joins to discuss the latest. #featured

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