Snap News - April 15, 2026

Snap Slashes Workforce by 20% for AR Pivot, Stock Jumps

Snap Inc. is preparing to cut 15% to 20% of its total workforce. The restructuring aims to separate the core Snapchat business from the Specs augmented...

Snap projects 12% first quarter 2026 revenue growth while announcing a 16% headcount reduction to cut costs.

Snap provided a preliminary look at its first quarter 2026 results, estimating revenue of $1.529 billion and adjusted EBITDA of $233 million. The company also...