Cybersecurity firm Snyk shed far more jobs than the market realised. A Companies House filing shows the Boston-headquartered company cut roughly 203 roles – about a fifth of its global workforce – in June, well above the 90 reported at the time.
The company said the reduction was aimed at “operational efficiencies”, and it expects to book a hit of up to $13.8M. The cuts landed on staff in the US and Israel. Snyk began 2025 with about 990 employees.
The layoffs came alongside improving revenue. Sales rose 11% to $309M for the year ending 2025, lifted by new customer wins, while losses widened from $169M to $189M as Snyk invested further.
Founded in 2015 in London and Tel Aviv by Guy Podjarny, Assaf Hefetz and Danny Grander, Snyk helps developers flag security flaws before attackers find them. It has raised more than $1B from backers including Tiger Global, and was valued at $8.5B in 2021 before slipping to $7.4B in 2022. The company has added an AI security arm after buying Invariant Labs in 2025.
It is a familiar squeeze for late-stage security startups. Snyk now competes with rival Wiz as well as frontier AI labs moving into developer security, and is paring costs to protect margins while a public listing stays out of reach.
