Snyk laid off 20% of its workforce after writing off technology from Israeli acquisitions Helios and Enso
The cybersecurity company cut approximately 203 employees in June and expects the layoffs to cost up to $13.8 million, while its latest filing reveals that technology acquired from Helios and Enso had been written down to zero following a broader strategic shift.
Snyk cut 203 employees, or roughly 20% of its global workforce, in June as the cybersecurity company moved to reduce costs and reshape its business around a changing security market. The layoffs were announced three months ago, but their scale and cost are only now being disclosed in detail in a financial filing that offers a new look at what is unfolding inside what was once one of Israel’s most prominent cybersecurity companies.
The filing, submitted this week in the UK, also reveals that Snyk has effectively moved away from technologies it acquired from two Israeli cybersecurity startups, Helios and Enso Security. Following a broader reorganization and strategic shift, Snyk determined that further development and use of the technologies had become “de minimis” and accelerated their remaining amortization.
The company recorded a $3.2 million charge as a result. The technologies had a combined gross cost of $6.3 million, but as of December 31, 2025, their carrying value was zero and they were no longer included in Snyk’s intangible assets.
Snyk announced the reduction in force on June 24, saying it involved approximately 203 employees, representing about 20% of its global workforce. The company said the move was intended to “further increase operational efficiencies and streamline expenses.”
Snyk estimates that the layoffs will cost between $12.8 million and $13.8 million, including notice-period and severance payments, previously accrued compensation expenses and other related costs. The company expects most of those charges to be incurred in 2026 and said the reduction in force would be substantially completed this year.
The layoffs came after Snyk had already gone through a period of restructuring and cost-cutting. Its latest filing shows that the company ended 2025 with 990 full-time employees, down from 1,162 a year earlier, meaning the June cuts represent a further substantial reduction in its workforce.
The latest filing provides a financial backdrop for the restructuring. Snyk generated $309.2 million in revenue in 2025, an 11% increase from the previous year. But its operating loss widened 8% to $202.7 million, while its net loss increased 19% to $197.9 million. Revenue growth was also considerably slower than in earlier years, having increased 50% in 2023.
Snyk ended 2025 with $291.3 million in cash, cash equivalents, restricted cash and short-term investments, and $367.8 million when longer-term investments were included. Its auditors concluded that the company had sufficient liquidity to continue operating through at least the end of 2027.
Snyk acquired Enso Security in June 2023 for $32.7 million, according to the company’s earlier financial disclosures. Enso had developed application security posture management technology and became part of Snyk’s broader effort to provide security teams with greater visibility and control over application risk.
In early 2024, Snyk acquired Helios, a startup founded by Eli Cohen and Ran Nozik that developed runtime data and application observability technology. Helios employees joined Snyk as part of the transaction. At the time, Snyk described the deal as another step in its strategy of building a developer-led application security posture management platform.
Snyk subsequently incorporated the capabilities from the two acquisitions into its broader application-security strategy. But the latest filing shows that the company eventually decided to stop meaningfully developing and using the technologies.
