Snapchat owner cuts 16% of global staff in latest round of job cuts [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
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 popular with young people and known for its disappearing photos and videos, has 474 million users every day, on average,
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SNAP
News
- Snapchat CEO's tasteless Coachella photos kissing supermodel wife Miranda Kerr despite jobs bloodbath [Yahoo! Finance]Yahoo! Finance
- Swalwell was dubbed the 'Snapchat king of Congress' years before sexual misconduct scandal emerged [FOX News]FOX News
- Snap Was Always A Terrible Company [Yahoo! Finance]Yahoo! Finance
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPPR Newswire
- Snap (SNAP) had its "neutral" rating reaffirmed by Guggenheim. They now have a $6.50 price target on the stock.MarketBeat
SNAP
Earnings
- 2/4/26 - Beat
SNAP
Sec Filings
- 4/17/26 - Form 4
- 4/17/26 - Form 4
- 4/16/26 - Form 144
- SNAP's page on the SEC website