Evan Spiegel Photo by Kevin Dietsch/Getty Images Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Snap inc. is laying off 16 percent of its employees, about 1,000 people, as CEO Evan Spiegel says the Snapchat owner is facing a "crucible moment" as it tries to path find a path toward sustained profitability.