Snap hit with more layoffs, plans to slow hiring in 2018 (SNAP) [The Business Insider]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: The Business Insider
Snap hit with more layoffs, plans to slow hiring in 2018 Snapchat parent company Snap Inc. has been hit with more layoffs as management evaluates trimming headcount across different teams. Eighteen employees were laid off in the company's recruiting division this week, according to people familiar with the matter. A Snap representative confirmed the cuts to Business Insider on Friday but declined to comment further. Snap is also planning to slow its hiring next year. In an email sent to employees last month — Business Insider saw parts of the email — CEO Evan Spiegel said the company would hire at a "slower rate" in 2018 and that leaders would be asked to make "hard decisions" about their teams and employees who aren't performing well. Snap laid off roughly a dozen people supporting the hardware division that makes its Spectacles camera glasses last month, as we previously reported . People close to the company said that more cuts could be made as managers institute a new system for
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SNAP
News
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- Snap Inc. (NYSE: SNAP) had its price target lowered by analysts at UBS Group AG from $14.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target lowered by analysts at Stifel Nicolaus from $14.00 to $12.00. They now have a "hold" rating on the stock.MarketBeat
- Snap offers as much as $500,000 in base salary to top Snapchat talent. Here's pay data on US jobs in engineering, sales, and more. [Business Insider]Business Insider
SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/16/24 - Form 144
- 4/1/24 - Form 4
- 3/28/24 - Form 144
- SNAP's page on the SEC website