Snap is cutting 1,000 jobs, 16% of its workforce

Snap is laying disconnected astir 16% of its planetary workforce, impacting astir 1,000 full-time employees, according to a memo sent to unit from Snap CEO Evan Spiegel connected Wednesday. The institution cites advancements successful AI for the cuts.

“While these changes are indispensable to recognize Snap’s semipermanent potential, we judge that accelerated advancements successful artificial quality alteration our teams to trim repetitive work, summation velocity, and amended enactment our community, partners, and advertisers,” the memo, made nationalist via an SEC filing, reads. “We person already witnessed tiny squads leveraging AI tools to thrust meaningful advancement crossed respective important initiatives, including Snapchat+, enhanced advertisement level performance, and ratio improvements successful our Snap Lite infrastructure.”

Spiegel besides wrote that the institution is closing much than 300 unfastened roles. Snap had astir 5,261 full-time employees arsenic of December 2025.

The institution says the cuts volition let it to trim its annualized outgo basal by much than $500 cardinal by the 2nd fractional of 2026, helping to “establish a clearer way to net-income profitability.”

“Snap faces a crucible infinitesimal — squeezed betwixt giants with tremendous resources and nimble startups moving fast,” the institution wrote successful a presentation to investors. “To conscionable this moment, we are pivoting toward profitable growth.”

Employees based successful the U.S. volition person 4 months of severance, healthcare coverage, equity vesting, and modulation support.

The institution joins a increasing database of tech companies that person undergone important cuts this year, including Meta, Oracle, and Amazon.