Snap's CFO Derek Andersen departs May 8 for a new role, replaced by insider Doug Hott amid 16% layoffs and AI-driven cost cuts. The timing, post-job reductions and pre-earnings, underscores profitability pressures at the Snapchat owner.
Richard Morrison's 3/12/2008 column for The Times (London) ran under the title "The very Ikea: Denmark takes the floor in an entertaining feud", and began like this: