Snap lays off 20% of employees

Re:Snap lays off 20% of employees by ginger2016 on Wednesday August 31, 2022 @12:30PM (#32664602)

Are they doing a buy back? Didn’t Steve Jobs say trading cash by buying back stock the worst idea ever?

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Re:Snap lays off 20% of employees by ssharp on Wednesday August 31, 2022 @12:41PM (#32664799)

For Snap? Probably. For Apple? Steve Jobs was never sitting on $100+ billion in cash. Though, Apple's buy backs + dividends made more sense given how profitable they were and how much cash they had on hand. Snap has never had positive operating income.

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Re:Snap lays off 20% of employees by advisedwang on Wednesday August 31, 2022 @12:34PM (#32664670)

https://techstory.in/snapchat-announces-a-new-500-million-sh...

Both of these take a few months to plan, so from the timing of that story they must have been planning them simultaniously.

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Re:Snap lays off 20% of employees by htrp on Wednesday August 31, 2022 @04:05PM (#32667643)

Depends on when the options of the executive team were issued..... and whether a buyback gets them back into the money?

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