Snapchat parent company lays off nearly 100 WA workers
The Seattle Times • • business
Key Points:
- Snap is laying off 95 employees in the Seattle area as part of a broader companywide reduction of 1,000 jobs, representing about 16% of its global workforce, and is also eliminating over 300 open positions.
- The layoffs, affecting Seattle, Bellevue, and Vancouver, Washington, primarily impact technical roles such as software engineers and product managers, reflecting trends seen in recent tech industry cuts.
- The company aims to reduce costs by more than $500 million in the second half of the year, driven largely by efficiencies gained through advancements in artificial intelligence.
- Snap expects to report $1.5 billion in revenue for Q1 2026, with most revenue coming from its Snapchat platform, popular among teens and young adults.
- Snap has maintained a presence in Seattle for about a decade and expanded its Bellevue office in 2022, recently increasing its leased space to approximately 158,000 square feet.
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