{
  "id": 11226368,
  "title": "Snyk laid off over 200 employees, revenues top $300M",
  "url": "https://urgent.news/2026/10/01/snyk-laid-off-over-200-employees-revenues-top-300m",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T15:30:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/10/01/snyk-laid-off-over-200-employees-revenues-top-300m/"
  },
  "original_language": "en",
  "account": "Snyk, a cybersecurity firm founded in London and Tel Aviv, recently laid off more than 200 employees, a figure more than double the initially reported number, according to a new filing. The layoffs, which took place in June, impacted workers in the US and Israel and represented about 20 percent of the company's global workforce, now numbering around 990 employees. The company attributed the cuts to a need for increased operational efficiency and expense reduction.\n\nSnyk's financial performance in 2025 was marked by a 11 percent revenue increase, reaching $309 million, primarily driven by new customer acquisitions. However, the company also reported a rise in losses, increasing from $169 million to $189 million. The revenue growth was credited to the acquisition of AI security firm Invariant Labs, while the profit decline was attributed to increased investments.\n\nFounded in 2015, Snyk has undergone several rounds of job cuts in recent years, with the latest round taking place in June 2025. The company, now headquartered in Boston, develops products to help software developers identify security vulnerabilities before they can be exploited. Snyk's AI security business is also growing, with the recent acquisition of Invariant Labs.\n\nThe cybersecurity company has faced competition from rivals like Wiz and frontier AI labs. Founded by Guy Podjarny, a former Israeli cyber expert, and Assaf Hefetz and Danny Grander, Snyk was valued at $8.5 billion in a 2021 funding round and $7.4 billion in a 2022 funding round.",
  "summary": "Snyk, the London and TelAviv-founded cybersecurity firm, laid off more than 200 employees earlier thisyear, more than double what was reported at the time, according to a newfiling.New financial figur...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}