Snap layoffs, on the record
Every job cut, severance charge and restructuring Snap reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 5,289 | As of December 31, 2023 |
| 10-K for 2024 | 4,911 | As of December 31, 2024 |
| 10-K for 2025 | 5,261 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryWound down the AR Enterprise business, reducing global employee headcount by about 3%, as part of a strategic review.
Word for word“In the third quarter of 2023, we initiated the wind down of our AR Enterprise business, which included a reduction of our global employee headcount by approximately 3 %.” 10-K for 2023
Our summaryLaunched a strategic reprioritization plan that reduced global employee headcount by about 20%.
Word for word“In the third quarter of 2022, we initiated a strategic reprioritization plan, which included a reduction of our global employee headcount by approximately 20 %.” 10-K for 2023
Our summaryAnnounced a plan to reduce global headcount by about 10% of global full-time employees, after the fiscal year end.
Word for word“On February 5, 2024, we announced a plan to reduce our global headcount by approximately 10 % of our global full-time employees.” 10-K for 2023
Our summarySnap undertook a restructuring in the first quarter of 2024 to reduce hierarchy and concentrate team members in hub locations, cutting global headcount by about 10%; it was completed in the second quarter of 2024.
Word for word“In the first quarter of 2024, we announced a plan to reduce hierarchy and concentrate our team members in major hub locations to support in-person collaboration, resulting in the reduction of our global headcount by approximately 10 %.” 10-K for 2024
Our summarySnap recorded restructuring charges of $72.1 million in 2024, primarily related to cash severance, stock-based compensation and other charges from the 2024 restructuring.
Word for word“Restructuring charges in 2024 are primarily related to cash severance, stock-based compensation expense, and other charges associated with the 2024 restructuring.” 10-K for 2024
Our summarySnap wound down its AR Enterprise business in 2023, with restructuring charges composed mainly of cash severance and stock-based compensation.
Word for word“Restructuring charges in 2023 relating to the wind down of our AR Enterprise business were composed primarily of cash severance, stock-based compensation expense, and charges related to the revision of the useful lives and disposal of certain acquired intangible assets.” 10-K for 2024
Our summarySnap wound down its AR Enterprise business in 2023, recording pre-tax restructuring charges that mainly covered cash severance, stock-based compensation, and intangible asset write-offs.
Word for word“During the year ended December 31, 2023, we recognized pre-tax restructuring charges of $ 40.8 million , primarily recorded in sales and marketing and general and administrative expenses in our consolidated statement of operations, and an income tax benefit of $ 5.7 million .” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-31 | — | $1.5 million |
| 2022-12-31 | $188.9 million | — |
| 2023-12-31 | $40.8 million | — |
| 2024-12-31 | $70.2 million | — |
Snap filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Snap’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.