Snap Inc.

https://www.snap.com/
2772 Donald Douglas Loop N, Santa Monica, CA 90405
Technology/Software
Big Business
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Evan Spiegel, Chief Executive Officer at Snap Inc.
Snap Inc. announces chief financial officer transition effective in May

April 21, 2026

Snap Inc.'s Chief Financial Officer Derek is leaving after eight years at the company. Doug Hott will take over as CFO in May as part of several organizational changes announced by CEO Evan Spiegel.

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Evan Spiegel, Chief Executive Officer at Snap Inc.
Snap Inc. announces layoffs affecting about 1,000 employees and closes open roles

April 16, 2026

Snap Inc. CEO Evan Spiegel announced layoffs affecting around 1,000 employees—about 16% of staff—and closure of over 300 open roles. The move aims to cut costs by $500 million annually by late 2026 amid a shift toward profitability.

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