Snyk Cuts Staff as Revenue Tops $300M

Snyk’s latest filing points to a familiar late-stage software tension: strong revenue growth does not remove pressure to become more efficient.

What happened

Snyk laid off more than 200 employees earlier this year, a deeper reduction than previously understood. The same filing showed the cybersecurity company’s revenue topped $300 million in 2025.

Snyk is one of Europe’s most closely watched developer-security companies, with products focused on helping software teams find and fix vulnerabilities in code, dependencies and cloud environments.

Why it matters

Cybersecurity remains a strong spending category, but late-stage companies are still being judged on burn, margins and IPO readiness. Snyk’s revenue scale is meaningful, yet the size of the workforce reduction shows that even category leaders are being pushed toward tighter operating discipline.

The timing is also important. AI-generated code and faster software development increase the need for security tooling, but customers are also scrutinising budgets and demanding clearer value from vendors.

The bigger picture

The cybersecurity market is entering a more selective phase. Investors still like the category, but the bar is moving from growth alone to durable revenue, efficient sales and credible paths to public markets. Snyk’s cuts fit that wider reset.