The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
The hot-sauce category has seen a jump in U.S. sales amid the COVID-19 pandemic.
The consumer goods company says it is reshaping itself as a “local-first” organization.
The user-generated gaming platform, hugely popular with kids, has yet to turn a profit.
The $2.75 billion deal is the largest for the exchange since it acquired OMX in 2008 for $3.8 billion.
The company said the move is part of its hybrid cloud and AI push.
“The news represents a disruption to the system and competitive threat that will likely shift scripts away from the retail channel.”
The cash deal would be the second largest in the banking sector since the 2008 financial crisis.
The SEC said John Stumpf and Carrie Tolstedt misled investors about the bank’s success in selling multiple products to customers.
The previously forfeited stock options were exercised by the former executives in July when the company’s stock jumped.
The companies said the deal would make streaming ad insertion available to third-party publishers.
The parent company of Vans and The North Face said that the deal would accelerate its digital business model transformation.
