Snap hit with more layoffs, plans to slow hiring in 2018 [MSN Money]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: MSN Money
© Provided by Business Insider Evan Spiegel -18 people have been laid off from Snap's recruiting division. Popular Searches Amazon.com Inc AMZN ? 982.91 -3.70 -0.38% - More cuts are expected as managers institute a new system for evaluating employee performance. - In an email to employees last month, CEO Evan Spiegel said the company would slow its hiring next year. 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 spokesperson confirmed the cuts to Business Insider on Friday. Snap is also planning to slow its hiring next year. In an email sent to employees last month, parts of which were seen by BI, Spiegel said the company would hire at a slower rate in 2018, and that leaders woul
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.50 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SNAP's page on the SEC website