The social media firm's shares rose 5.8%. The stock has fallen about 31% so far this year.

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce in an effort to streamline operations.

Snap prevede di ridurre la propria forza lavoro del 16%, tagliando circa 1.000 posti. La riduzione, ha spiegato l'amministratore delegato Evan Spiegel, è necessaria per aumentare…