Snap

Dropped the phrase "diversity, equity and inclusion" from its annual report. The wording appears in the 10-K filed 2025-02-05 and is absent from the 10-K filed 2026-02-05. The later filing uses "inclusion and belonging" instead.

Snap laid off 10% of its global workforce (~500 employees) in February 2024, explicitly cutting DEI and HR analytics teams that handled diversity surveys and inclusive hiring. Business Insider confirmed the DEI team was included in cuts, part of a broader industry trend of rolling back diversity programs.

Snap's February 2024 layoffs of 500 employees were explicitly framed as partly meant "to promote in-person collaboration" and "reduce hierarchy." Spiegel said the company needed in-person presence to develop better ideas and products.