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Another round of layoffs: Snap fires 18 more employees, to slow hiring

However, Snap has not said if additional layoffs are coming

IANS  |  San Francisco 

Snap lays off 18 people, to slow hiring in 2018

Inc, the parent company of popular photo-sharing platform has fired 18 people in a fresh round of as the management is evaluating trimming headcount across different teams.

confirmed it had recently laid off 18 people.

"The cuts follow about a dozen in Snap's hardware marketing division last month. The company also plans to slow next year," CNBC reported late on Friday.

A spokesperson was quoted as saying that the slowdown in was "logical" given how fast the company had grown.

The company's workforce expanded from 600 employees by the end of 2015 to 2,600 in the last quarter.

However, has not said if additional are coming.

Last month, the company laid off almost a dozen people supporting the hardware division that makes its Spectacles camera glasses.

"Six-year-old hasn't implemented a consistent way to track and evaluate employee performance to date," Newstimes quoted sources close to the company.

Meanwhile, is expected to overtake Facebook for the first time in the US as the user growth of the latter is set to slow among teenagers and adults, a report by market research firm eMarketer said recently.

The app currently has 166 million users globally.

First Published: Mon, October 23 2017. 15:13 IST