Snyk

Pivoted to AI-powered developer security under CEO Peter McKay, who stated the company's next phase requires leadership "with deep roots in product innovation and AI." McKay stepped down in 2025 to find a successor better suited to lead the AI pivot. Snyk DeepCode AI scans code for vulnerabilities using machine learning while maintaining transparency about its training data sources.

Snyk laid off 14% in 2024. Developer security company cutting costs despite funding.

Four rounds of layoffs between June 2022 and January 2026: 30 employees (June 2022), 198 employees/14% (October 2022), 128 employees/11% (April 2023), and 90 employees (January 2026). CEO Peter McKay wrote that "challenging market conditions are likely to persist into early 2024." Over 350 employees—a quarter of the workforce—were cut across these rounds.