Snap Inc.—Snap laid off 10% of workforce including DE&I and HR analytics staff in restructuring push
In February 2024, Snap laid off approximately 530 employees (10% of workforce), estimating $55-75M in severance costs. The layoffs included senior staff and notably affected HR employees working on internal diversity analytics, employee surveys, and hiring efforts aimed at diverse talent. CEO Evan Spiegel cited the need to reduce hierarchy and promote in-person collaboration. This followed a smaller round in November 2023 cutting about 20 product managers.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| DEI Programs | -against | secondary | -0.50 |
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.443 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
Snap cut 530 employees including diversity and HR analytics teams
In February 2024, Snap laid off 10% of its full-time staff (approximately 530 employees) with estimated pre-tax charges of $55-75 million in severance. The layoffs included senior executives and notably affected HR staff working on internal employee analytics, diversity surveys, and diverse hiring efforts.