Snap disclosed the latest layoffs in a regulatory filing on Monday, saying the cuts will impact approximately 10% of its global full time employees. This equates to roughly 500 jobs.
So, the gov't thought we best get this jobs report before the layoffs begin.
Snap disclosed the latest layoffs in a regulatory filing on Monday, saying the cuts will impact approximately 10% of its global full time employees. This equates to roughly 500 jobs.
So, the gov't thought we best get this jobs report before the layoffs begin.
Snap disclosed the latest layoffs in a regulatory filing on Monday, saying the cuts will impact approximately 10% of its global full time employees. This equates to roughly 500 jobs. So, the gov't thought we best get this jobs report before the layoffs begin. I guess they call it restructuring. Wondering which tech giants will follow suit.
Not sure I understand what the government has anything to do w SNAP's earnings call. This company seems to be good for a trade, only. Not really impressed w CEO E. Spiegel. Good luck, and buyer beware.
Snap disclosed the latest layoffs in a regulatory filing on Monday, saying the cuts will impact approximately 10% of its global full time employees. This equates to roughly 500 jobs. So, the gov't thought we best get this jobs report before the layoffs begin. I guess they call it restructuring. Wondering which tech giants will follow suit.
Not sure I understand what the government has anything to do w SNAP's earnings call. This company seems to be good for a trade, only. Not really impressed w CEO E. Spiegel. Good luck, and buyer beware.
I think his point was something along the lines that everyone knows that many companies have been announcing that they will be laying off workers this year.
So, the latest jobs report will not include a lot of that. There were enough issues with the jobs report as it was anyway. They will obviously revise that down at least once and, likely, twice.
But I think SNAP is a decent buy now. Most investors like when a company is laying off when it seems to be an effort to streamline and not deeper fundamental issues.
I shorted it the day before they dropped and now have got into a position on them and will likely add to it this week, depending on what happens Tuesday when the market opens. I will have a tighter stop than usual maybe. But I think they rebound a bit over the next several weeks, unlike the overall market.
But who knows -- the bottom could fall out as well.
I think his point was something along the lines that everyone knows that many companies have been announcing that they will be laying off workers this year.
So, the latest jobs report will not include a lot of that. There were enough issues with the jobs report as it was anyway. They will obviously revise that down at least once and, likely, twice.
But I think SNAP is a decent buy now. Most investors like when a company is laying off when it seems to be an effort to streamline and not deeper fundamental issues.
I shorted it the day before they dropped and now have got into a position on them and will likely add to it this week, depending on what happens Tuesday when the market opens. I will have a tighter stop than usual maybe. But I think they rebound a bit over the next several weeks, unlike the overall market.
But who knows -- the bottom could fall out as well.
That's what this admin has done with their job reports. It's all about the headlines and no one pays attention to the corrections down at 5pm on a Friday.
That's what this admin has done with their job reports. It's all about the headlines and no one pays attention to the corrections down at 5pm on a Friday.
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