SecurityUS

Snyk Layoffs

April 2023

Snyk announced a layoff affecting 128 employees in April 2023. The company operates in the Security sector.

People Affected

128

Announced Date

Apr 13, 2023

About

Snyk, a developer security platform, laid off 128 employees, representing approximately 14% of its workforce, on April 13, 2023. The company, operating in the cybersecurity industry, cited persistent challenging market conditions expected to last into early 2024 as the primary reason. To adapt, Snyk is restructuring to focus more on enterprise customer success, solidify its application security leadership, and simplify its organizational layers for greater agility. The layoffs primarily affected the go-to-market and corporate functions as part of this strategic shift to prioritize a consultative approach and better serve its evolving enterprise client base.