Snap Inc. Chief Executive Officer Evan Spiegel announced on April 15 that the company will implement organizational changes impacting about 1,000 team members, or roughly 16 percent of its full-time workforce. The company also plans to close more than 300 open positions.
The decision comes as Snap seeks to prioritize investments that support long-term value and move toward profitable growth. Spiegel said the changes are expected to reduce Snap’s annualized cost base by over $500 million by the second half of 2026, which is intended to establish a clearer path to net-income profitability.
“This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us,” Spiegel said in a note sent to employees. “You have made important contributions to Snap, and we are committed to supporting you through this transition.”
Spiegel described last fall as a “crucible moment” for the company that required faster and more efficient ways of working. He noted that advancements in artificial intelligence have enabled teams at Snap to reduce repetitive work and improve efficiency across several initiatives such as Snapchat+, ad platform performance, and infrastructure improvements.
Affected North America-based staff were instructed to work from home for the day while U.S.-based impacted employees would receive email notifications with further instructions within an hour of the announcement. Those outside the United States will get additional details from leadership and human resources.
Spiegel thanked departing colleagues for their contributions: “Your hard work has helped shape Snap, and we are deeply grateful for your contributions.” He added that U.S.-based departing team members would receive four months’ severance pay, healthcare coverage, equity vesting, and career transition support; comparable support aligned with local norms will be provided outside the U.S.
