Snap is cutting 1,000 jobs, 16% of its workforce

Snap is laying off about 16% of its global workforce, affecting about 1,000 full-time employees, according to a memo was sent to employees from Snap CEO Evan Spiegel on Wednesday. The company is showing AI advancements in the reduction.

“While these changes are necessary to realize the long-term potential of Snap, we believe that the advancement of smart technology will help our teams to reduce repetitive tasks, increase speed, and better serve our community, partners, and advertisers,” the memo, made public through SEC filtering, reads. “We’ve already seen small teams use AI tools to improve a number of key features, including Snapchat+, improve the platform’s functionality, and improve our Snap Lite infrastructure.”

Spiegel also wrote that the company is closing more than 300 positions. Snap was close 5,261 full-time employees from December 2025.

The company says the cuts will allow it to reduce its annual costs by more than $500 million by the second half of 2026, helping to “establish a clear path to profitability.”

“Snap is facing a difficult time — squeezed between giants with multiple assets and fast-moving startups,” the company wrote. sermon for investors. “To meet this deadline, we are planning for profitable growth.”

US workers will receive four months of severance pay, health care, financial aid, and transition assistance.

The company joins a growing list of tech companies that have been cut significantly this year, including Trim, Oracleand Amazon.