After the announcement Snap's shares fell by almost 15% in extended trade in New York.At the start of this year, Amazon announced it planned to cut more than 18,000 jobs because of "the uncertain economy" and rapid hiring during the pandemic.Also this month, Alphabet said it would shed 12,000 jobs, while Microsoft said up to 10,000 employees would lose their jobs.Last week, Swedish music-streaming giant Spotify said it would cut 6% of its about 10,000 employees, citing a need to improve efficiency.

lucabet168