Snap will lay off about 16% of its global workforce, impacting about 1,000 full-time employees, according to a memo sent to employees Wednesday by Snap CEO Evan Spiegel. The company cites advances in AI as the reduction effect.
“While these changes are necessary to realize Snap’s long-term potential, we believe rapid advances in artificial intelligence will allow our team to reduce repetitive work, increase speed, and better support our community, partners, and advertisers,” the memo, made public through an SEC filing, said. “We are already seeing small teams leveraging AI tools to drive meaningful progress across several key initiatives, including Snapchat+, enhancing the performance of our advertising platform, and improving the efficiency of our Snap Lite infrastructure.”
Spiegel also wrote that the company is eliminating more than 300 open positions. Snap had approximately 5,261 full-time employees as of December 2025.
The company said the cuts will help it reduce its annual cost base by more than $500 million by the second half of 2026 and “establish a clearer path to net profit profitability.”
“Snap is facing a melting pot moment, caught between a giant with vast resources and a nimble startup that moves quickly,” the company said in an investor presentation. “To meet this moment, we are steering towards profitable growth.”
U.S.-based employees will receive four months of severance, medical insurance, stock vesting, and transition support.
The company joins a growing list of tech companies that have made significant job cuts this year, including Meta, Oracle and Amazon.
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