Snap Layoffs: 10% of staff being cut to promote ‘in-person collaboration’

Snap, the parent company of Snapchat, is laying off approximately 10 per cent of its global workforce, or 500 jobs.

What’s happening at Snap?

A Snap spokesperson told CNBC that the job cuts are part of a reorganization to “reduce hierarchy and promote in-person collaboration.”

In a regulatory filing on Feb. 5, the social media giant said it expects to incur “pre-tax charges in the range of $55 million to $75 million” — primarily consisting of severance and related costs.

“In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team.”

The reduction comes just months after the company scaled back the size of its product team in November.

• SEE ALSO: Snap laying off 20% of staff as revenue growth slows

Snap layoffs in Canada

It remains unclear if any Canadian employees will be affected by the latest round of layoffs at Snap.

According to the company’s LinkedIn page, it has more than 130 workers in the country.

Termination agreements for Snap employees

In Canada, non-unionized employees at the Snapchat maker are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains what rights employees have if they are being fired or let go on an episode of the Employment Law Show.

Before you accept any severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance for provincially regulated employees
• Rights to severance for tech sector staff
• Rights to severance during mass layoffs

Major tech layoffs continue

The job cuts at Snap come amid a flurry of tech sector layoffs in 2024.

Big names, including Zoom, Okta, PayPal, Salesforce, Microsoft, eBay, Wayfair, Amazon, YouTube, Google, Instagram, Discord, and Twitch, have also pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Firm launches $130M class action against Shopify for breach of contract
• Top Hat layoffs target 10% of workforce to be ‘self-sustaining’
• Where are layoffs happening in Canada?

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.