Snyk laid off over 200 employees, revenues top $300M

Snyk, the London and Tel
Aviv-founded cybersecurity firm, laid off more than 200 employees earlier this
year, more than double what was reported at the time, according to a new
filing.

New financial figures for the cybersecurity
firm, which has raised more than $1bn from investors including Tiger Global, also
show that Snyk revenues topped the $300m mark in 2025, helped by customer wins.

Snyk, founded in 2015, has undertaken several
rounds of job cuts in recent years.

The latest round of job cuts took place in
June this year, with media reports suggesting that 90 employees were being laid off. But a new filing at Companies House reveals
more than 200 were laid off.

The filing states: “Snyk
announced a reduction in force involving approximately 203 employees,
representing approximately 20 per cent of the group’s total current global
workforce to further increase operational efficiencies and streamline
expenses.”

Snyk employed around 990 people at the end of 2025. The layoffs are understood to have impacted workers in the
US and Israel, with Snyk saying it would take a financial hit of up to $13.8m to carry out the cuts.

The figures, published in Companies House, show that Snyk’s
revenues were up 11 per cent to $309m in the year ending 2025, but losses
increased from $169m to $189m.

The revenue increase was attributed to new customer wins,
while the fall in profit was attributed to increased investments.
Founded in London and Tel Aviv, the
now Boston-headquartered cybersecurity company develops products to help software
developers assess security weaknesses before hackers can exploit them.

Snyk has also been building an AI security business alongside
its developer security products. In 2025, it acquired AI security firm
Invariant Labs.

It was founded by Guy Podjarny, a former
Israeli cyber expert who became its first CEO, and Assaf Hefetz and Danny
Grander.

Snyk, which faces competition from
cybersecurity rival Wiz and the frontier AI labs, was valued at $8.5
billion in a 2021 funding round and at $7.4 billion in a 2022 funding round. Snyk declined to comment.