Retail chain Bed Bath & Beyond and social media firm Snap both announced major layoffs on Wednesday, as high and a sagging economy hammer large US companies. Bed Bath & Beyond, which has become the latest meme-stock darling for small traders on , announced plans to close 150 stores of its roughly 900 and lay off 20 percent of corporate and staff.The big-box chain - once considered a so-called 'category killer' in home and bath goods - has seen its fortunes falter, with CEO Mark Tritton fired in June after sales plunged 25 percent in the first quarter.
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