---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-234696"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:39:05.916483+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Snap to cut ~20% of global headcount; preliminary Q3 revenue growth ~8%

## Summary
- Reduce global headcount by ~20% as part of strategic reprioritization; expects pre-tax charges of $110M-$175M in Q3 2022.
- Preliminary Q3 revenue growth through Aug 29, 2022 of ~8%; not providing Q3 revenue or adjusted EBITDA guidance.
- Jerry Hunter promoted to COO, effective Aug 30, 2022; awarded $19.5M in RSUs vesting over 39 months.
- Chief Business Officer Jeremi Gorman to leave Sept 16, 2022; transition agreement signed.
- Discontinuing Snap Originals, Minis, Games, Pixy; winding down Zenly and Voisey standalone apps.

## SEC filing metadata
- accession: 0001193125-22-234696
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000119312522234696/0001193125-22-234696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000119312522234696/d400240d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-234696
- JSON: https://secwatch.observer/filing/0001193125-22-234696.json
- Plain text: https://secwatch.observer/filing/0001193125-22-234696.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.