Snapchat owner cuts 16% of global staff in latest round of job cuts

Snap Inc. says layoffs will cost $95 million to $130 million in severance and related expenses.

Apr. 15, 2026 at 4:36pm

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A high-end, photorealistic studio still-life photograph featuring a sleek, modern smartphone with a cracked screen partially obscured by a stack of crisp, white office papers, arranged elegantly on a clean, monochromatic background with dramatic lighting and deep shadows, conceptually representing the abstract corporate challenges facing Snap.The latest round of layoffs at Snap Inc. reflects the ongoing volatility and competitiveness in the social media industry.Santa Monica Today

Snap Inc., the parent company of social media platform Snapchat, announced it is eliminating about 16% of its global workforce, or around 1,000 jobs, in the company's latest round of layoffs. The job cuts are part of an effort to streamline operations and reallocate resources towards Snap's highest-priority initiatives, with the goal of accelerating the path to net-income profitability.

Why it matters

Snap has faced challenges in recent years, including multiple rounds of layoffs as it works to control costs and become profitable. The latest cuts come as the tech industry grapples with economic uncertainty, with major companies like Disney also announcing significant job reductions.

The details

Snap said the job cuts will cost the company between $95 million and $130 million in severance payments and related expenses. CEO Evan Spiegel also noted that an additional 300 open roles will not be filled. This is not the first time Snap has eliminated jobs, with previous rounds of layoffs in 2024, 2023, and 2022.

  • Snap had 5,261 full-time employees as of December 31, 2025, according to the company's latest annual report.
  • Snap cut 10% of its workforce, or about 530 employees, in 2024.
  • Snap cut 3% of its staff in late 2023.
  • Snap slashed its workforce by 20% in 2022.

The players

Snap Inc.

The parent company of social media platform Snapchat, which is known for its disappearing photos and videos and is popular with young people.

Evan Spiegel

The CEO of Snap Inc.

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What they’re saying

“The headcount reduction is designed to further streamline our operations and reallocate resources toward our highest-priority initiatives, leveraging increased operational efficiencies to accelerate our path toward net-income profitability.”

— Snap Inc.

The takeaway

Snap's latest round of layoffs underscores the ongoing challenges facing the tech industry, as companies work to control costs and become profitable amid economic uncertainty. The job cuts are part of Snap's broader efforts to streamline operations and focus on its highest-priority initiatives, but they also highlight the volatility and competitiveness of the social media landscape.