BRIEF-Snap Inc Says Implemented Reduction In Force Plan Impacting About 7 Pct Of Global Headcount [Reuters]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Reuters
BRIEF-Snap Inc Says Implemented Reduction In Force Plan Impacting About 7 Pct Of Global Headcount | Reuters Reuters Staff 2 Min Read March 30 (Reuters) - Snap Inc: * SNAP INC - DURING MARCH 2018, IMPLEMENTED REDUCTION IN FORCE PLAN IMPACTING ABOUT 7% OF GLOBAL HEADCOUNT, PRIMARILY IN ENGINEERING, SALES - SEC FILING * SNAP INC SAYS REDUCTION IN FORCE IS TO ALIGN RESOURCES AROUND TOP STRATEGIC PRIORITIES AND TO REFLECT STRUCTURAL CHANGES IN BUSINESS * SNAP INC - ESTIMATE WILL INCUR ABOUT $10 MILLION OF PRE-TAX CASH EXPENDITURES, SUBSTANTIALLY ALL OF WHICH WILL BE SEVERANCE COSTS * SNAP INC SAYS EXPECTS TO RECOGNIZE STOCK-BASED COMPENSATION FORFEITURE BENEFIT OF ABOUT $31 MILLION * SNAP INC SAYS SEVERANCE CHARGES AND ANY STOCK-BASED COMPENSATION FORFEITURE BENEFIT WILL BE RECOGNIZED IN QUARTER ENDED MARCH 31, 2018 * SNAP INC SAYS CHARGES ASSOCIATED WITH REDUCTION IN FORCE ARE NOT MATERIAL TO CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS * SNAP - DUE TO REDUCTION IN FORCE, EXPE
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SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- SNAP's page on the SEC website