diff --git a/doc/api/v8.md b/doc/api/v8.md
index 399cb1e82adf12..61ccbd8b9aa0f1 100644
--- a/doc/api/v8.md
+++ b/doc/api/v8.md
@@ -1021,6 +1021,8 @@ get serialized into a snapshot and exit. This can be used to release
 resources that should not or cannot be serialized or to convert user data
 into a form more suitable for serialization.
 
+Callbacks are run in the order in which they are added.
+
 ### `v8.startupSnapshot.addDeserializeCallback(callback[, data])`
 
 <!-- YAML
@@ -1040,6 +1042,8 @@ serialized into the snapshot, they can be used to re-initialize the state
 of the application or to re-acquire resources that the application needs
 when the application is restarted from the snapshot.
 
+Callbacks are run in the order in which they are added.
+
 ### `v8.startupSnapshot.setDeserializeMainFunction(callback[, data])`
 
 <!-- YAML
diff --git a/lib/internal/bootstrap/switches/does_own_process_state.js b/lib/internal/bootstrap/switches/does_own_process_state.js
index 8f457de3e1183e..21c5a0609109b1 100644
--- a/lib/internal/bootstrap/switches/does_own_process_state.js
+++ b/lib/internal/bootstrap/switches/does_own_process_state.js
@@ -4,6 +4,7 @@ const credentials = internalBinding('credentials');
 const rawMethods = internalBinding('process_methods');
 const {
   namespace: {
+    addDeserializeCallback,
     addSerializeCallback,
     isBuildingSnapshot,
   },
@@ -114,8 +115,13 @@ function wrapPosixCredentialSetters(credentials) {
 let cachedCwd = '';
 
 if (isBuildingSnapshot()) {
+  // Reset the cwd on both serialization and deserialization so it's fine
+  // for process.cwd() to be accessed inside of serialization callbacks.
   addSerializeCallback(() => {
     cachedCwd = '';
+    addDeserializeCallback(() => {
+      cachedCwd = '';
+    });
   });
 }
 
diff --git a/test/fixtures/snapshot/cwd.js b/test/fixtures/snapshot/cwd.js
index 4860cc6662af8a..75069d149c17b7 100644
--- a/test/fixtures/snapshot/cwd.js
+++ b/test/fixtures/snapshot/cwd.js
@@ -1,10 +1,16 @@
 const {
+  addSerializeCallback,
   setDeserializeMainFunction,
 } = require('v8').startupSnapshot;
 
 // To make sure the cwd is present in the cache
 process.cwd();
 
+// Also access it from a serialization callback once
+addSerializeCallback(() => {
+  process.cwd();
+});
+
 setDeserializeMainFunction(() => {
   console.log(process.cwd());
 });