CFO Resigns From Santa Monica-Based Owner Of Snapchat Days After 1000 Jobs Cut

Skip to main content Venice-Mar Vista, CA Westwood-Century City, CA Brentwood, CA Marina Del Rey, CA Culver City, CA Pacific Palisades, CA Beverly Hills, CA West Hollywood, CA Studio City, CA Encino-Tarzana, CA California Top National News See All Communities Snapchat owner Snap Inc., which is headquartered in Santa Monica, has eliminated about 16% of its global workforce, the company’s CEO revealed in a recent message to employees. Days later, the company announced that its chief financial officer was leaving. “(W)e are announcing changes that will impact approximately 1,000 team members at Snap, including 16% of our full time employees, in addition to closing more than 300 open roles,” CEO Evan Spiegel wrote in an April 15 message to employees. Find out what’s happening in Santa Monicafor free with the latest updates from Patch. “This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us,” he added. “You have made important contributions to Snap, and we are committed to supporting you through this transition.” The reason for the layoffs, Spiegel said, was plans to eliminate $500 million in costs during the second half of 2026 in an attempt to “establish a clearer
Read More