Snap lays off 100 more staffers

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Snap Inc. is laying off 100 people, Bloomberg reports. Most of the jobs being eliminated are in sales, but a few are in other functions, according to sources within the company.

Why it matters: This is the latest of several rounds of layoffs at the company, as it undergoes a restructuring both to bring more people to its headquarters in Los Angeles and to focus more on new company priorities, like Snapchat's redesign. Sources say this round of layoffs will largely be the last for now.