Jamaine Punzalan

A hand holds a phone as the Snapchat app is seen on April 15, 2026 in New York City. Snap made an announcement that it plans to eliminate about 1,000 jobs, which includes 16 percent of its full-time staff, as the company seeks to lower costs and increase its reliance on artificial intelligence. Michael M. Santiago, Getty Images/AFP

Article (news)

Snap Announces It's Cutting 1,000 Positions

Agence France-Presse

<div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1776298215953AFP__20260415__2271501687__v1__MidRes__SnapAnnouncesItSCutting1000Positions.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/>A hand holds a phone as the Snapchat app is seen on April 15, 2026 in New York City. Snap made an announcement that it plans to eliminate about 1,000 jobs, which includes 16 percent of its full-time staff, as the company seeks to lower costs and increase its reliance on artificial intelligence. Michael M. Santiago, Getty Images/AFP</div>The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable.The shake-up at Snap involves about 16 percent of its full-time employees and elimination of more than 300 unfilled roles, chief executive Evan Spiegel said in a memo shared by the company.&quot;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,&quot; Spiegel wrote.&quot;We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives.&quot;<div><a href="https://www.abs-cbn.com/news/technology/2026/1/22/snapchat-settles-to-avoid-social-media-addiction-trial-0845">Snapchat settles to avoid social media addiction trial</a></div>The southern California-based tech firm joins a growing list of companies reducing staff while extolling productivity gains resulting from the use of AI.&quot;This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us,&quot; Spiegel wrote.Snap expects to cut more than $500 million from its annual costs by the second half of this year, establishing &quot;a clearer path to net-income profitability,&quot; the memo said.Snap has gone through several rounds of job cuts during the past four years as it competes with rivals such as Instagram, TikTok and YouTube.Activist fund Irenic Capital Management disclosed a 2.5 percent stake in Snap recently and called for belt-tightening along with shedding its Spectacles smart glasses unit.Snap shares climbed more than 7.5 percent in trades that followed word of the layoffs but did not recover from losses suffered since the start of this year.Job cut tracking platform Layoffs.fyi reported that more than 72,000 employees have been laid off by nearly 90 tech companies so far this year.<div><a href="https://www.abs-cbn.com/news/technology/2026/1/29/amazon-to-cut-16-000-jobs-worldwide-0922">Amazon to cut 16,000 jobs worldwide</a> <a href="https://www.abs-cbn.com/news/technology/2025/10/23/meta-to-cut-600-jobs-in-artificial-intelligence-reports-0948">Meta to cut 600 jobs in artificial intelligence: reports</a></div>

The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable.

The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable.

Snapchat parent cuts 1,000 roles, citing AI efficiency

News

Entertainment

Lifestyle

Sports

Metro.Style

More

BINI

Sudoku

Word of the Day

Lotto

Horoscope

Technology

Snapchat parent cuts 1,000 roles, citing AI efficiency

Agence France-Presse

Published April 16, 2026 08:12 AM PHT

|

Updated April 16, 2026 08:28 AM PHT

Read More:

Snapchat

AI

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

Sign Up

I have read and agree to the Terms and Privacy Policy.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.