Snap reportedly paid additional benefits to at least three women who said they were unfairly targeted in layoffs
Snap paid additional severance benefits to at least three women it let go last year in layoffs they claimed affected women disproportionately, The Wall Street Journal reported Wednesday.
Snap has seen a number of top executives leave their posts in the past year, including its head of human resources Jason Halbert, who the Journal reported was asked by Spiegel to leave. The stock has fallen 44 percent over the past year, but shares are up 83 percent in 2019. The company has added four women to its executive team within the past few months.
"The company-wide restructuring we implemented in the first half of 2018 impacted both men and women," the spokesperson told CNBC in a written statement."In fact, the majority of the people impacted were men. The decisions we made when determining the people impacted had absolutely nothing to do with gender."
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