# Snap Inc. is planning to lay off around 1,000 employees, nearly 16 per cent of its workforce.

*business · news · 2026-04-19 · Moneycontrol*

## Key points

- Snap Inc. is eliminating 1,000 jobs and over 300 unfilled roles to save $500 million annually.
- Oracle is planning to cut up to 30,000 jobs worldwide, with 12,000 roles affected in India.
- Disney's severance packages vary significantly by role and tenure, with directors receiving up to 26 weeks' pay.
- Meta Platforms' 2026 layoffs specifically target recruitment, sales, operations, and its Reality Labs division.
- AI advancements are cited as a major reason for the acceleration and depth of current tech layoffs.

**Companies:** The Walt Disney Company, Meta Platforms, Oracle Corporation, Snap Inc.
**Countries:** United States, India

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/layoff-storm-or-tech-bloodbath-73-200-jobs-cut-in-q1-2026-as-snap-disney-meta-oracle-slash-roles-13893223.html)

---

Canonical: https://newsio.io/n/78d72758-ac69-4e52-bb56-b7b7d14246dc/snap-inc-is-planning-to-lay-off-around-1000-employees-nearly-16-per-cent-of-its
Summarized by Newsio from Moneycontrol. https://newsio.io/how-it-works