The maker of Up fitness trackers is closing its New York office and letting about 60 workers go.
The company says that it will cut 15 percent of its staff as it refocuses its business on "premium smartphones, virtual reality, and connected lifestyle products."
The company's diversity efforts suffer a setback due to cuts at overseas factories where a high percentage of women held jobs.
Leslie Miley, an African-American engineer who held a leadership role, questions the social network's commitment to diversity.
Japanese automaker reclaims the title of world's biggest automaker, while the beleaguered German carmaker reportedly mulls attempts to salvage owner loyalty through incentives.
New CEO Jack Dorsey tells employees the cuts will help the company focus on the "experiences which will have the greatest impact."
Messaging app shuts down Snapchat Channel, leading to the departure of some employees behind the original content effort, according to a Deadline report.
A workforce reduction of about 10 percent comes as the Silicon Valley pioneer prepares to split into two separately traded companies later this year.
The Taiwanese smartphone pioneer is dropped from the country's top 50 stock index as its market share and stock price continue to dwindle.
While Samsung devices dominate the global smartphone market, Apple's iPhone continues to rule the US.