According to a report, Snap is laying off about 16% of its global workforce, which will affect about 1,000 full-time employees. memorandum The message was sent to staff on Wednesday from Snap CEO Evan Spiegel. The company cites advances in AI for the reduction.
“While these changes are necessary to realize Snap’s long-term potential, we believe rapid advancements in artificial intelligence will enable our teams to reduce repetitive work, increase speed, and better support our community, partners and advertisers,” the memo made public through an SEC filing reads. “We’ve already seen small squads leveraging AI tools to make meaningful progress across several key initiatives, including Snapchat+, enhanced ad platform performance, and efficiency improvements across our Snap Lite infrastructure.”
Spiegel also wrote that the company is closing more than 300 open roles. was about to snap 5,261 Full-time employees by December 2025.
The company says the cuts will help it reduce its annual cost base by more than $500 million by the second half of 2026, helping “establish a clear path to net-income profitability.”
“Snap faces a difficult moment – between giants with vast resources and nimble startups moving quickly,” the company wrote in an article. presentation To investors. “To meet this moment, we are moving toward profitable growth.”
US-based employees will receive four months of severance, health care coverage, equity vesting and transition assistance.
The company joins a growing list of tech companies that have seen significant cutbacks this year meta, OracleAnd Amazon.
