Snap is slowing the pace of hiring, after bringing on 100s of staff

Other tech firms like Facebook, Twitter and Uber have recently implemented hiring freezes..

The social-media platform will continue hiring for open roles and back-filling existing positions. However, the company will slow down on recruiting for roles not currently open. Snap will also push some planned hiring into next year.obtained by Insider that revenue growth has slowed in the face of"rising inflation and interest rates, supply chain shortages and labor disruptions, platform policy changes, the impact of the war in Ukraine, and more.

"Our most meaningful gains over the coming months will come as a result of improved productivity from our existing team members, as we work together and help our new team members get to know Snap and learn how to contribute to their full potential," Speigel wrote. In a filing with the SEC around the same time, Snap warned that its revenue and adjusted profit would be less than anticipated just last month, saying"the macroeconomic environment has deteriorated further and faster than anticipated."

Snap's stock fell by more than 30% in after hours trading, to its lowest level since the outbreak of the pandemic.

Snap在最近招来数百名新员工后，正在放缓招聘速度

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Read the internal memo from Snap CEO Evan Spiegel on a hiring slowdownRead the memo Snap CEO Evan Spiegel sent to employees about a hiring slowdown, and a 'further and faster' deterioration of the macro environment 阅读Snap首席执行官埃文·斯皮格尔（EvanSpiegel）发给员工的关于招聘放缓以及宏观环境“进一步和更快”恶化的备忘录 Why haven’t you updated your hit-piece yet, Business Insider ? Want to do more stock manipulation like how Henry Blodget, Incider Inc. founder and current CEO, did in 1999-2001 ?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ashley Graham on relearning to love her body amid pressure to 'snap back' after birth'What I went through with childbirth has reshaped my relationship with my body.'
Source: RedMagDaily - 🏆 312. / 61 Read more »

Pre-Snap Reads 5/23: What Shelby Harris brings to the Seahawks defenseRead!
Source: FieldGulls - 🏆 66. / 68 Read more »

Marvel Snap is a speedy digital card game from former Hearthstone developersDr. Strange and the Multi-player-verse of Madness
Source: verge - 🏆 94. / 67 Read more »

Marvel Snap is an epic new multiverse card game for iPhone and AndroidMarvel and Second Dinner announced Marvel Snap, a collectible card game that puts the MCU multiverse action front-and-center.
Source: BGR - 🏆 234. / 63 Read more »

Pre-Snap Reads 5/22: Revisiting QB trade options for SeahawksRead! It's not a stupid idea and I wish some washed up Seahawks commentators got over it. If he's bad, dump him after a year or two and we draft a QB next year. It's super basic
Source: FieldGulls - 🏆 66. / 68 Read more »