Snyk cuts ~20% of global workforce amid tech write-offs

Snyk announced a reduction in force on June 24, 2026, cutting approximately 203 employees, about 20% of its global workforce, as part of a reorganization to reduce costs and reshape the business. The layoffs were disclosed in a UK financial filing that also revealed Snyk has largely stopped developing technologies acquired from Israeli startups Helios and Enso Security, accelerating amortization and taking a $3.2 million charge. Snyk estimates the layoffs will cost $12.8 million to $13.8 million, with most charges expected to be recognized in 2026; the company said the reduction would be substantially completed this year. The filing shows Snyk ended 2025 with 990 full-time employees (down from 1,162), and reported widening operating and net losses alongside slower revenue growth, while auditors found sufficient liquidity through at least the end of 2027.

Snyk cut 203 jobs as of June 24, 2026.

That is roughly 14.5% of the 1,400 people Snyk employs.