Apr 15, 2026 4:43am PT

Snap Axing 1,000 Staffers, 16% of Headcount; CEO Evan Spiegel Cites AI as Helping Boost Efficiency for Smaller Teams

Todd Spangler

Plus Icon

Todd Spangler

NY Digital Editor

xpangler

Latest

Snap Axing 1,000 Staffers, 16% of Headcount; CEO Evan Spiegel Cites AI as Helping Boost Efficiency for Smaller Teams

10 minutes ago

Guy Fieri Responds to Backlash Over Meeting Tate Brothers at UFC Event: ‘I Do Not Know’ Them ‘Nor Do I Support Them in Any Way’

15 hours ago

Disney Layoffs of 1,000 Employees Are Underway; CEO Josh D’Amaro Says Cuts Will ‘Streamline’ Operations: ‘I Know This Is Hard’

21 hours ago

See All

Getty Images

Snap, parent company of Snapchat, is making a massive workforce reduction — eliminating 1,000 jobs, representing 16% of its current employees, in a move to accelerate net profitability. In addition, the company is closing 300 open roles.

Evan Spiegel, co-founder and CEO of Snap, said in a memo to employees that the management team believes “rapid advancements in artificial intelligence” will help smaller groups work better.