Snap Inc. announced on April 15 that it will lay off approximately 1,000 employees, representing about 16 percent of its full-time workforce, and close more than 300 open positions. Chief Executive Officer Evan Spiegel shared the news in a note to team members, calling the decision “incredibly difficult” and expressing gratitude to departing colleagues.
The company said these changes are aimed at reducing Snap’s annualized cost base by more than $500 million by the second half of 2026 and establishing a clearer path to net-income profitability. The move comes after what Spiegel described as a “crucible moment” for Snap last fall, which required faster and more efficient ways of working while focusing on profitable growth.
Spiegel highlighted that advancements in artificial intelligence have enabled teams at Snap to reduce repetitive work and increase efficiency across several initiatives. These include improvements to Snapchat+, enhancements in ad platform performance, and increased efficiency within Snap Lite infrastructure.
Impacted North America-based employees were asked to work from home on the day of the announcement. U.S.-based team members affected by the layoffs will receive an email notification with details about next steps within an hour of the announcement. For those outside the United States, local leadership and human resources will provide additional information regarding next steps.
Spiegel also addressed departing staff directly: “To our departing colleagues: thank you. Your hard work has helped shape Snap, and we are deeply grateful for your contributions.” U.S.-based employees leaving Snap will receive four months’ severance pay, healthcare coverage, equity vesting, and career transition support; comparable support will be provided internationally according to local norms.
