Snipe-IT v4.7.x introduced API Throttling settings in the /app/Http/Kernel.php file.
https://snipe-it.readme.io/reference#api-throttling
The default rate limit is 60 requests per minute, however with my LogMeIn One2Many task I was sending around 300 API requests a minute making my task fail.
This change will also need to be made each time you upgrade your Snipe-IT version until they move this Variable to the .env file
8tbeon