Meta is slashing 8,000 jobs due to AI. Here are other tech giants who did the same. [Yahoo! Finance]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Yahoo! Finance
In a memo sent to staff on April 23, the company announced it would be slashing its headcount by 10%, affecting roughly 8,000 employees. Chief people officer Janelle Gale framed the cuts, scheduled for May 20, as necessary to offset heavy spending on AI. The social media giant also confirmed that it would freeze recruitment for 6,000 open roles it had originally planned to fill. The shift follows an earlier 5% reduction in January. The company started the year with nearly 79,000 workers. The Information recently reported that the Reality Labs division was reorganized to "execute faster." Meta stock dropped more than 2% on Thursday. It's up just 1.3% in 2026, lagging S&P 500's ( ^GSPC ) 3.6% gain. Snap Inc CEO Evan Spiegel attends the Choose France Summit at the Chateau de Versailles on May 19, 2025. (Gonzalo Fuentes/POOL/AFP via Getty Images) · GONZALO FUENTES via Getty Images Just a week ago, Snap Inc. ( SNAP ) announced a similar move, cutting roughly 16% of its workfor
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SNAP
News
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPACCESS Newswire
- TikTok Says It's Testing an AI Remix Setting for Making Memes. Creators Are Concerned [CNET News]CNET News
- Snap Map's new ‘Place Loyalty' badges will show the spots you visit most often [TechCrunch]TechCrunch
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPGlobeNewswire
- Snap (SNAP) had its price target raised by Stifel Nicolaus from $4.50 to $5.25. They now have a "hold" rating on the stock.MarketBeat
SNAP
Earnings
- 2/4/26 - Beat
SNAP
Sec Filings
- 4/20/26 - Form 8-K
- 4/17/26 - Form 4
- 4/17/26 - Form 4
- SNAP's page on the SEC website