You heard rumors. It's likely coming--in fact, I would respect our leadership less if it doesn't--but no one knows anything right now.
How did snap let TikTok happen?
Aw snap
Just like twitter let Elon happen
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Heard from a very reliable source at management level (ex-Googler). They are preparing a list. Layoffs start next week.
Same
Is it affecting the entire org, including monetization?
18.26%
Puts on $snap?
Layoffs are a way to make the balance sheet more healthy. But it’s hard to see a compelling reason to buy the stock if guidance wasn’t even issued this quarter.
+1 That’s why the stock ticker typically actually goes up following lay-offs. Just look at Robinhood’s ticker rn
Don't believe this 'I have sources nonsense' since any executive involved in such decisions wouldn't be dumb enough to share the info with an idiot who comes and posts it on Blind. But...it doesn't take a Einstein to guess what's to come at Snap.
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