3 min learnNew DelhiUp to date: Apr 15, 2026 08:28 PM IST
Snap has confirmed that it’ll lay off about 1,000 workers or roughly 16 per cent of its full-time workers.
Advances in AI are serving to streamline operations and function with smaller groups, the mother or father agency of social media platform, Snapchat, mentioned on Wednesday, April 15. Greater than 65 per cent of latest code at Snap is being generated utilizing AI coding instruments, the corporate mentioned, including that it’s also assigning different crucial duties to targeted groups and AI brokers.
Snap reportedly had about 5,261 full-time workers as of December 2025. It’s the newest tech big to announce layoffs this yr, and one of many few companies that has overtly acknowledged AI as a key driver behind the recent spherical of job cuts. A number of tech firms are shifting towards leaner groups whereas concurrently ramping up AI adoption to streamline operations.
Over 80 tech firms have introduced roughly 71,440 job cuts this yr, in line with knowledge from layoff tracker Layoffs.fyi, suggesting that AI is already considerably reshaping the workforce by automating routine duties. Earlier this month, information reviews instructed that Oracle plans to chop roughly 11,000-12,000 jobs in India — nearly half of its workers within the nation — as a part of the US-based enterprise software program big’s worldwide workforce discount that might have an effect on as much as 30,000 workers throughout markets.
Whereas Oracle didn’t disclose the precise variety of layoffs and the explanations for it, analysts estimated that the corporate is restructuring its enterprise to help large-scale investments in AI and cloud infrastructure.
Snap, then again, has reportedly come underneath strain from activist buyers similar to Capital Administration to optimise its portfolio and enhance efficiency. The corporate can be freezing hiring for greater than 300 open roles, as per Reuters.
With these measures geared toward decreasing working prices and stock-based compensation, Snap expects to chop greater than $500 million in annualised bills by the second half of the yr, CEO Evan Spiegel mentioned. The layoffs come forward of the extensively anticipated launch of Snap’s augmented actuality (AR) glasses known as Specs this yr.
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Its $400 million cope with AI search startup Perplexity has additionally been halted, in line with the Sources publication by tech journalist Alex Heath. As a part of the partnership, Perplexity reportedly agreed to pay Snap $400 million over a yr in a mixture of money and fairness, an quantity that represents about 7 per cent of the social media firm’s 2024 gross sales, in trade for having its AI-powered search engine built-in into the social media app.