Snap is laying off 16 percent of its staff as it leans into AI

Snap is laying off 16 percent of its staff as it leans into AI

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Yanac

Snap is laying off roughly 16 percent of its global workforce in a cost-cutting effort to chase improved profitability with the help of AI. The cuts will impact around 1,000 full-time employees, according to a memo sent to staffers from Snap CEO Evan Spiegel. An additional 300 open roles are also being closed. “While theseThe VergeRead More