CFO Resigns From Santa Monica-Based Owner Of Snapchat Days After 1,000 Jobs Cut
By Mark Nero
Published on April 23, 2026.
Snap Inc., the owner of Snapchat, has cut approximately 16% of its global workforce and plans to eliminate $500 million in costs during the second half of 2026 in an attempt to achieve a clearer path to net-income profitability. The company's CEO, Evan Spiegel, expressed regret over the decision and promised to support the employees through this transition. The layoffs will impact approximately 1,000 team members, including 16% full-time employees, and over 300 open roles. Additionally, Chief Financial Officer Derek Anderson is leaving the company after eight years.
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