Snap lays off 18 employees in recruiting division

SAN FRANCISCO, Oct 20 (Reuters) - Snap Inc said on Friday it had laid off 18 employees in its recruiting division, a move to cut costs as the parent company of messaging app Snapchat faces competition from Facebook Inc for users and advertising dollars.

Snap declined to comment beyond confirming the job cuts, which were first reported by Business Insider.

(Reporting by David Ingram; Editing by Leslie Adler)