Snap Employees Aren’t Getting Bonuses…. Again

Well, if you ask a Snap employee if they are happy this time of the year, the answer may be no.

The stock recently closed at an all-time low and the company will not be handing out bonuses this year. The same way the company did not hand them out last year.

To give Snap some credit, it did throw a multi-million dollar party in downtown Los Angeles that even had Drake as a performer. Smaller and cheaper parties were held across the company’s various departments this year, according to sources.

In lieu of cash, “top-performing employees are receiving a discretionary incentive bonus in the form of more stock,” reported Cheddar, which cited anonymous sources.

Well here is hoping Snap has a better year next year. Shares hit under $5 for the first time this month.

Disclaimer: We have no position in Snap Inc. (NYSE: SNAP) and have not been compensated for this article.