Snap layoffs 2026 confirmed: 1,000 employees to be fired, 300 open roles to be closed

Following the mass layoffs at Oracle last month, Snap Inc., the parent company of Snapchat, has joined the list of employers downsizing in 2026. Snap Inc. has confirmed significant job cuts in the coming months, laying off up to 16 per cent of global workforce. As has been the case with most layoffs lately, Snap Inc.’s decision comes primarily with the intention of cost-cutting amid slowing ad revenue growth and pressure from investors.

The company, which had about 5,261 full-time employees as of December 2025, is said to let go of 1,000 employees, which amounts 16% of its workforce, as reported by Reuters.