Friday, 24 March, 2023

Snap misses revenue goals, slows hiring

<p>Snap will slow its hiring, a cost-cutting strategy that firms like Meta and Uber have used in the past. Snap has also suspended advertising in Russia, Ukraine, and Belarus, stating that it would not accept ads from Russian state-owned organisations. Last year&#39;s iOS privacy reform, according to CEO Evan Spiegel, continues to damage the company. This year, the company expects to hire 500 new employees, a 41% increase over last year.</p>