Snapchat owner cuts 16% of global staff in latest round of job cuts | ksdk.com

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. SANTA MONICA, Calif. — 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 cut in the company’s 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%. Snapchat, which is
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