"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 had 5,261 full-time employees as of Dec. 31, 2025, and the job cuts will cost about $95 million to $130 million in severance payments and related costs."
"Snapchat, which is popular with young people and known for its disappearing photos and videos, has 474 million users every day, on average, according to the annual report."
"In 2024, Snap cut 10% of its workforce, or about 530 employees, and in 2022 it slashed its workforce by 20%."
Snapchat is eliminating approximately 1,000 jobs, representing 16% of its global workforce, as part of a strategy to streamline operations. The layoffs will incur costs between $95 million and $130 million in severance and related expenses. CEO Evan Spiegel announced that 300 open positions will also remain unfilled. This follows previous layoffs, including a 10% reduction in 2024 and a 3% cut in late 2023. Despite these challenges, Snapchat reported a narrowed net loss of $460 million in 2025 with revenue reaching $5.9 billion.
Read at Fortune
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