Snap Is Laying Off More Employees, Plans to Slow Hiring in 2018

Snapchat’s parent company laid off 18 employees this week amid plans to slow hiring in 2018.

Business Insider first reported on the latest round of layoffs at Snap, which hit the social media company’s recruiting division, and which a Snap spokesperson confirmed on Friday. Snap also plans to slow down hiring next year, according to BI, which cites an email that Snap CEO Evan Spiegel sent to employees last month in which he said to expect a “slower rate” of hiring in 2018.

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