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Snap Announces CFO Exit Days After Job Cuts In A Bid To Improve Profitability— Insider Doug Hott To Take Over [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Doug Hott , who has served ?as the Snapchat owner's ?vice president of finance, ?strategy, and corporate development, will succeed Andersen, Spiegel said. CFO Exit Comes Days After Layoffs Andersen will participate in his final earnings call on May 6, with his last day set for May 8, according to Spiegel's internal memo. He credited him with guiding the social media firm through major challenges, including the pandemic, changes to advertising platforms, and broader macroeconomic volatility. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast He noted Andersen's departure comes as Snap charts a "clear path to net income profitability.” The CFO change comes days after Snap said it will cut about 1,000 jobs as part of a broader restructuring to reduce costs and improve profitability, amid slowing growth and rising competitive pr
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