Snap to Lay Off 1,000 Employees and Eliminate 300 Open Roles

Layoffs Announced Snap is laying off roughly 16 percent of its global workforce, impacting around 1,000 full-time employees.

The layoffs represent 16% of Snap's current employees. Snap CEO Evan Spiegel sent a memo to staffers announcing the layoffs. The memo from CEO Evan Spiegel was included in Snap’s 8-K filing. The changes will impact approximately 1,000 team members at Snap.

Snap is closing more than 300 open roles.

Cost-Saving Measures The layoffs are part of a cost-cutting effort to improve profitability with AI.

The changes are expected to reduce Snap's annualized cost base by more than $500 million by the second half of 2026. Snap had about 5,261 full-time employees as of December 2025. An additional 300 open roles are being closed by Snap.

The changes are expected to save Snap $500 million by the second half of 2026. Snap is closing 300 open roles.

CEO Spiegel's Statements > “While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers.

” — CEO Evan Spiegel CEO Evan Spiegel stated that Snap has witnessed small squads leveraging AI tools to drive progress in Snapchat+, enhanced ad platform performance, and efficiency improvements in Snap Lite infrastructure. The changes include 16% of Snap's full-time employees.

CEO Evan Spiegel described Snap as facing a crucible moment last fall, requiring a new way of working that is faster and more efficient while pivoting towards profitable growth.

Over the past several months, Snap reviewed the work required to serve its community and partners and made choices to prioritize investments for long-term value.

Support for Affected Employees Impacted team members in the US will receive an email notification within the next hour.

-based departing team members will receive four months of severance, healthcare coverage, equity vesting, and career transition support. , Snap will follow local processes and provide comparable support aligned with local norms.