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Tech

Snapchat’s parent company fires 20% of its employees

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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.

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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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Leaders

Experts reveal AI’s impact on the retail experience in Australia

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AI has become a game-changer for marketers and retailers in Australia, with many consumers reacting positively to AI integration in the retail environment.

 

Retailers are using AI to optimise inventory, personalise shopping, and improve customer service through advanced chatbots.

Shoppers now enjoy personalised recommendations and seamless online shopping experiences.

Predictions suggest more personalised experiences and smarter shopping platforms within the next 12 months.

Will Wilson, RVP of Sales APJ at SAP Emarsys joins to share his insights into how AI is streamlining success on a large scale.

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News

‘Rust’ will premiere at the Polish film festival, three years after fatal incident

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The controversial film ‘Rust’, plagued by tragedy since 2021’s fatal on-set shooting involving Alec Baldwin, is finally set to premiere in Europe.

The movie faced extensive delays and legal challenges following the tragic incident that resulted in the death of cinematographer Halyna Hutchins.

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