Social media giant Snap‚ which operates Snapchat‚ has announced plans to cut "approximately" 10% of its staff. The firm said in November 2023 it had 5‚000 employees‚ suggesting around 500 people are facing redundancy. It comes a day before Snap reports its fourth-quarter results - having reported a net loss of $368m (£294m) in the previous quarter in October 2023. Snapchat said the move would "reduce hierarchy and promote in-person collaboration". "We are focused on supporting our...