A Tech CEO Explains a Slowdown in Hiring (Insider Comms From Snap)

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Last week Snap CEO Evan Spiegel sent a memo (below) to his ~5,660 employees letting them know that due to “macro” economic circumstances the company will cut spending, including slowing down hiring. The memo was necessary to reinforce the company’s strength and market position; the company’s weak outlook, which was at the forefront of their earnings cal…