Snap to Cut 16% of Its Workforce in Quest for Profitability

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TechCrunch - Main Feed 1 day ago • techcrunch.com

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

The first StrictlyVC of 2026 hits San Francisco. Tickets are going fast. Register now. Save up to $680 on your Disrupt 2026 pass. Ends 11:59 p.m. PT tonight. REGISTER NOW. Snap is laying off roughly 16% of its global wor…

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Bloomberg Technology 1 day ago • bloomberg.com

Snap to Cut 16% of Its Workforce in Quest for Profitability

Snap Inc. is laying off roughly 1,000 full-time employees, or 16% of its global workforce, part of an effort by Chief Executive Officer Evan Spiegel to reduce costs and achieve profitability.

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