Observed Signal · Oct 1, 2026 · Earnings Report · Source: Tech.eu (European Tech & Deals) · Impact: 3/5 · Sentiment: Negative
Snyk Lays Off Over 200, Revenues Top $300M
Snyk, the cybersecurity firm co-founded in London and Tel Aviv, laid off over 200 employees in June 2026, more than double the initial reports of 90. This was revealed in a new filing at Companies House. The reduction in force represents about 20% of its global workforce, impacting employees in the US and Israel, with a financial charge of up to $13.8 million. Despite the layoffs, Snyk's revenues grew 11% to $309 million in the fiscal year ending 2025, attributed to new customer wins. However, losses increased from $169 million to $189 million due to higher investments. The company, now headquartered in Boston, has raised over $1 billion from investors including Tiger Global and was valued at $8.5 billion in 2021. Snyk continues to build its AI security business, having acquired Invariant Labs in 2025.
Snyk is a significant cybersecurity firm with over $1B in funding, and its layoffs and financial performance impact the tech industry, particularly in the context of AI security acquisitions.
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Key Takeaways & Evidence Grounding
- Snyk laid off over 200 employees in June 2026, representing about 20% of its global workforce.
- Revenues reached $309 million in fiscal year 2025, up 11% year-over-year.
- Losses increased from $169 million to $189 million.
- The layoffs will cost Snyk up to $13.8 million.
- Snyk acquired AI security firm Invariant Labs in 2025.
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SentinelOne Stock Falls 12% After Layoffs, Weak Guidance
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Snap to Cut 16% of Workforce Citing AI Efficiencies
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