Snapchat CEO parties at Coachella with model wife while company slashes jobs

He’s the CEO of the picture messaging giant Snapchat.

So Evan Spiegel should know a thing or two about optics — but this weekend that appeared to go out the window.

The billionaire, who also co-founded the app, was seen partying hard with his supermodel wife Miranda Kerr — while his company plotted to lay off 1,000 workers.

The pair posted loved up shots of them kissing and enjoying the tunes at Coachella on Friday just days before the jobs bloodbath.

Spiegel wore a baseball cap, sunglasses and a bandanna as he planted a kiss on Kerr’s forehead as they stood in a crowd in new photos.

The 42-year-old Victoria’s Secret Angel posted a collage of photos and videos on Instagram of her watching artists like Sabrina Carpenter. “A day in the desert,” she captioned the post.

Meanwhile Spiegel’s employees are feeling deserted after it was revealed the company plans to slash about 1,000 jobs and rely on artificial intelligence to take over their work.

Spiegel’s decision to party as his company lays off employees drew some backlash, including suggestions that it could radicalize workers.

“This picture just launched 1,000 [Zohran Mamdanis],” Barstool founder Dave Portnoy wrote about Spiegel’s Coachella photo on X. “Reminds me of Gaz celebrating with Rick Ross the day BI hit piece came out,” he added in another post.

The layoffs boosted the company’s stock 7% on the initial news, though the stock fell slightly during Thursday morning trading.

The 34-year-old previously apologized for the layoffs, saying he was “deeply sorry,” for the cuts, which amount to 16% of the company’s workforce.

“While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers,” Spiegel said in the layoff memo.

The company is also closing hiring for more than 300 open roles. He’s hoping AI tools will boost the company’s hopes.

“We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives, including Snapchat+, enhanced ad platform performance, and efficiency improvements in our Snap Lite infrastructure,” Speigel added.

It’ll also help the company “establish a clearer path to net-income profitability,” with a cost savings of more than $500 million by the second half of this year, he said.

Spiegel co-founded Snap Inc. in 2015, the same year he was named the world’s youngest billionaire at the age of 24.

Silicon Valley layoffs are becoming more common. Other tech companies like Meta, Oracle, and Block are sending employees packing.

Download The California Post App, follow us on social, and subscribe to our newsletters