"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, according to the company's latest annual report."
"Snap said in its latest earnings report that its net loss in 2025 narrowed to $460 million, as revenue rose to $5.9 billion."
"In 2024, Snap cut 10% of its workforce, or about 530 employees, and in 2022, it slashed its workforce by 20%."
Snap Inc. 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 20% cut in 2022. Despite these challenges, Snapchat has 474 million daily users and reported a narrowed net loss of $460 million in 2025.
Read at ABC7 San Francisco
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