Snap Inc. Settles Gender Discrimination Lawsuit for $15 Million

Settlement follows a three-year investigation into claims of pay disparity, harassment, and retaliation against female employees.

The settlement includes $14.5 million allocated to compensate affected female employees from 2014 to 2024.
Snap will hire an independent consultant to review its compensation and promotion policies.
A third-party monitor will audit Snap's compliance with harassment and discrimination regulations.
Snap denies the allegations but chose to settle to avoid prolonged litigation.
The company commits to ongoing efforts to ensure pay equity and a fair workplace environment.