Snap will cut 1,000 jobs, or 16% of its workforce

Snap is laying off nearly 16% of its global workforce, affecting about 1,000 full-time employees, according to a new report. note It was sent to employees from Snap CEO Evan Spiegel on Wednesday. The company cites advances in artificial intelligence for the discounts.

“While these changes are necessary to realize Snap’s long-term potential, we believe rapid advances in AI enable our teams to reduce repetitive work, increase agility, and better support our community, partners, and advertisers,” the memo, which was shared via an SEC filing, said in the memo. “We’ve already seen small teams leveraging AI tools to drive measurable progress across several important initiatives, including Snapchat+, improved ad platform performance, and efficiency improvements to our Snap Lite infrastructure.”

Spiegel also wrote that the company is closing more than 300 open positions. Snap had approx 5,261 Full-time employees as of December 2025.

The company says the cuts will allow it to reduce its annual cost base by more than $500 million by the second half of 2026, helping to “create a clearer path to bottom-line profitability.”

“Snap faces a difficult moment, sandwiched between deep-pocketed giants and fast-moving nimble startups,” the company wrote in a blog post. Presentation For investors. “To meet this moment, we are moving toward profitable growth.”

US-based employees will receive four months of severance pay, health care coverage, stock vesting, and transition support.

The company joins a growing list of technology companies that have undergone significant cutbacks this year, including… dead, oracleand Amazon.