Snap Is Laying Off Even More Employees
Things aren't going well for Snapchat operator Snap (NYSE: SNAP). The company has now laid off approximately 18 employees, mostly within recruiting, according to Business Insider. Snap is reportedly even considering additional head count reductions in other departments as well, as Snap is in the process of implementing a better system for reviewing employee performance.
Thus far, Snap's processes and procedures for performance reviews are inconsistent, according to the report. Business Insider also adds that Snap has told employees in an internal email that it would slow its hiring rate in 2018, and some managers may have to make "hard decisions" regarding underperforming employees.
Image source: Snap.
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