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Posted on 04/22/2026 2:43:00 PM PDT by Angelino97
The owner of social media platform Snapchat said Wednesday it’s eliminating about 16% of its global workforce, or about 1,000 jobs that will be culled in its latest round of layoffs.
Snap Inc. said in a regulatory filing that the job cuts will cost about $95 million to $130 million in severance payments and related costs.
“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,” the company said in its filing.
Snap had 5,261 full-time employees as of Dec. 31, 2025, the company said in its latest annual report.
CEO Evan Spiegel said in a letter to staff that another 300 open roles would not be filled.
It’s not the first time the Santa Monica, California-based company has eliminated jobs. In 2024, Snap cut 10% of its workforce, or about 530 employees.
Snap cut 3% of its staff in late 2023, and in 2022 it slashed its workforce by 20%.
(Excerpt) Read more at apnews.com ...
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...and SNAP!...they’re unemployed!
And Snap - there goes CA income tax base. 200k tech jobs have gone poof.
Snapchat is used primarily by people under 25, and about 20% of all the users are high school age and younger.
My daughter had me get Snapchat. I just use it to make funny pictures of myself.
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