What happened
Announced 15 April 2026, cutting about 1,000 of 5,261 staff and closing more than 300 open roles. CEO Evan Spiegel said rapid AI advances let teams cut repetitive work and increase velocity.
Attribution and company response
Revenue held, staff cut. The published revenue comparison held or grew — $5.93bn in 2025, up 10.6%. This clears the tracker’s revenue screen; it does not prove AI substitution, completed departures or the absence of financial pressure.
What the figures show
WHO BENEFITS?
Payments to shareholders are documented; gains for workers from this change are not established.
- Business performance
- $5.93bn in 2025, up 10.6%
- Worker pay
- $369,894 median · 2025One year of pay data; no trend established.
- Workforce impact
- 1,000 · 16%APR 2026 · Scope of the reported event, not net job losses.
- Where the money went
- $750.9m cash share repurchases2025 · Reported payout; no causal link to AI established.
Two-year history · 8 quarters
Jul 2024–Jun 2026 · USD millions · 5 of 6 measures cover every quarter. Checked 2026-09-22.
Each chart uses its own scale. Financial gains do not establish gains for workers or an effect caused by AI.
| Quarter ended | Revenue | Net profit / loss | Operating cash | Cash investment (PP&E) | Buybacks paid | Dividends paid |
|---|---|---|---|---|---|---|
| 1,372.6 | -153.2 | 115.9 | 44 | 0 | — | |
| 1,557.3* | 9.1* | 230.6* | 48.3* | 0* | — | |
| 1,363.2 | -139.6 | 151.6 | 37.2 | 257.1 | — | |
| 1,344.9 | -262.6 | 88.5 | 64.7 | 243.5 | — | |
| 1,506.8 | -103.5 | 146.5 | 53 | 0 | — | |
| 1,716.5* | 45.2* | 269.6* | 64* | 250.3* | — | |
| 1,528.8 | -89 | 326.8 | 40.8 | 350.5 | — | |
| 1,599 | -164 | 176.2 | 55.7 | 250.5 | — |
Consolidated company figures. Acquisitions, disposals, taxes and changes in reporting scope can affect comparisons. This series does not isolate AI effects.
* Calculated by subtracting reported periods: usually cumulative total minus the previous cumulative total, or full year minus nine months for Q4. Monday.com Q1 is half year minus Q2. Click a value for its source; click * for the subtracted period. Some calculations use different filings and may be affected by restatements. Fiscal dates differ between companies; compare the same season a year earlier.
Worker pay remains annual in the compensation table. Missing quarterly pay or headcount is not interpolated. This is financial-history coverage, not a complete assessment of who benefits.
Sources & limits
Revenue is not profit. These figures may cover different periods and do not isolate the effects of AI. Median pay includes more than salary and can change with workforce composition; it does not track raises for the same employees.
The AI-attributable share is unknown, and activist-investor pressure for cost reductions was a material co-cause. A company under pressure to cut has a reason to describe the cut as progress.
Global employee snapshot on 1 October 2025. A single year does not show a pay trend.
Allocation evidence: Excludes debt repurchases. Predates the April 2026 workforce event. Checked 22 September 2026. Allocation source ↗
Executive pay & historical figures
Annual stock awards can make CEO pay and its ratio swing sharply. No fairness rating is assigned to this ratio.
| Year | Median employee | CEO | Named executives, avg. | CEO / median |
|---|---|---|---|---|
| 2025 | $369,894 | $4.3m | — | 11.5:1 |
* Estimated from median compensation × reported ratio.
Global employee snapshot on 1 October 2025. A single year does not show a pay trend.
Workforce and outcome context
Snap reported 5,261 full-time employees in 2025. Its later announcement distinguished around 1,000 affected team members from more than 300 vacancies being closed. Vacancies are not people laid off.