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    Snapchat owner cuts 16% of global staff in latest round of job cuts

    By SHOOTNo Comments98 Views
    This Aug. 9, 2017, file photo shows the Youtube, left, and Snapchat apps on a mobile device in New York. (AP Photo/Richard Drew, File)
    SANTA MONICA, Calif. (AP) --

    The owner of social media platform Snapchat said Wednesday it’s eliminating about 16% of its global workforce, or about 1,000 jobs that will be culled in its latest round of layoffs.

    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, according to the annual report.

    Snap said in its latest earnings report that its net loss in 2025 narrowed to $460 million, as revenue rose to $5.9 billion.

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    Tags:Evan SpiegellayoffsSnap Inc.Snapchat



    Inaugural winners unveiled in ADC AI Visual Design Dreamina AI category

    Thursday, May 21, 2026
    ADC AI Visual Design-Dreamina AI category winners announced

    The global Art Directors Club and Dreamina AI announced the ADC Cube and cash prize winners in the inaugural ADC AI Visual Design-Dreamina AI category, dedicated to honoring the frontier of generative craft in this year’s ADC 105th Annual Awards.

    The new category, which was free to enter and made possible by ADC’s exclusive partnership with Dreamina AI, part of ByteDance, recognizes evolving creative craft and honors modern creators who are using AI as a creative partner to expand the boundaries of visual expression.

    The first ADC Cube and cash prize winners of the new competition are as follows.

    First Place: ADC Gold Cube, $6,000
    Xīnxīn Li and Donglin Cheng, Beijng, “Ivory”

    Second Place: ADC Silver Cube, $4,000 each
    Anne Horel, Paris “La Tisseuse d’Ombres” (“The Shadows Weaver”)
    Jason Peng, Chongqing “Perfect Place”
    Park Zhi, Guangzhou, “Red Pill”

    Third Place: ADC Bronze Cube, $2,000 each
    Chén Kūn, Shenyang, “Ordinary Anthem”
    Serhii Kostenko, Berlin, “Trained on Perfection”
    Xingchen Ding, Hangzhou, “The Joyful Pasture”
    Dorothy Pang, Vancouver, “Love Hotel”
    Tāozé Cài, Beijing, “Bad Traveling”
    Yongning Zhang, Suzhou, “Big Eyes Town”

    Hongye Liu, Shanghai, was awarded a Merit for “{HONG KONG LOADING…}”.

     

    “Rather than limiting ourselves strictly to the original storyboard, we drew continuous inspiration from Dreamina AI during the creation process,” explained Gold Cube winner Xinxin Li. “The mutual inspiration between human creativity and AI capability allowed us to revise and optimize the script accordingly, and eventually we... Read More

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