Snap to Cut 16% of Workforce as It Seeks Profitability, Stock Price Jumps 10%
- Posted on April 15, 2026
- By The Wall Street Journal
- 10 Views
Snap to Cut 16% of Workforce as It Seeks Profitability, Stock Price Jumps 10%
The social-media company is planning to eliminate as many as 1,000 positions to enable it to increase efficiency and pursue profitable growth, its chief executive said.
