Report: Snap shoots 2 executives after alleged sexual misconduct

The Wall Street Journal reports that Snap recently fired two executives after one allegedly had an inappropriate relationship with a hired worker.

The newspaper says an outside investigation found that Snap's global security chief, Francis Racioppi, fired the contractor after their relationship ended. The newspaper attributed the news to anonymous people familiar with the matter. Racioppi and his superior, the head of human resources, were asked to leave the company after the investigation.

The layoffs follow a series of Snap high-profile executive exits. Finance chief Tim Stone left earlier this week after less than a year in the company.

Snap Inc., based in Los Angeles, did not comment on the Journal's report. The two executives could not be reached for comment. The newspaper quoted Racioppi as denying the irregularities.

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