TEMPO.CO, Jakarta - The technology company Snap will lay off approximately 1,000 full-time employees, about 16 percent of its global workforce.
According to TechCrunch, as quoted by Antara, this news was confirmed on Wednesday from a memo sent to staff by Snap CEO Evan Spiegel. The company cited advances in artificial intelligence (AI) as the reason for the layoffs.
“While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers,” the memo reads.
The statement continued, “We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives, including Snapchat+, enhanced ad platform performance, and efficiency improvements in our Snap Lite infrastructure.”
Spiegel wrote that the company is eliminating more than 300 open positions. As of December 2025, Snap reportedly had approximately 5,261 employees.
The company said these cuts to its workforce will reduce its annual costs by more than $500 million by the second half of 2026. This will help the company “establish a clearer path to net profit profitability.”
“Snap faces a crucible moment — squeezed between giants with enormous resources and nimble startups moving fast,” the company wrote in a presentation to investors. “To meet this moment, we are pivoting toward profitable growth.”
Employees based in the U.S. will receive four months of severance pay, health insurance, stock ownership rights, and transition support.
The company is the latest in a growing list of tech companies to experience significant staff reductions this year. Others on the list include MetaTrader, Oracle, and Amazon.
Read: Disney to Lay Off 1,000 Employees in First Cuts Under New CEO
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