Snap Reportedly Settled With Multiple Female Employees Who Said Layoffs Showed a Lack of Diversity

An H&M spokesperson told Insider the impacted roles are largely within the company's tech organization in Sweden, noting stores are not part of the terminations. The spokesperson said the layoffs also include some staffers in "central functions, both employees and consultants."

The layoffs come months after Reef said it would pause operations on some of its "underperforming" locations. Current and former employees told Insider that Reef had closed one-third of its kitchens and focused on its partnerships with major chains like Wendy's and Buffalo Wild Wings.

Snap Reportedly Settled With Multiple Female Employees Who Said Layoffs Targeted...

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The company-wide layoffs reported by the Journal began in March 2018. The six people laid off in one round from Snap's growth and design team were women, people familiar with the layoffs told the Journal. Snap reportedly agreed to pay at least three of the women additional cash and shares on top of their severance packages after some employees wrote letters asking why women were targeted on these teams. But a Snap spokesperson told CNBC in a statement that men were also paid additional benefits following the layoffs. 2ff7e9595c