Snap is cutting 1,000 jobs, 16% of its workforce
Snap is laying off roughly 16% of its global workforce, impacting around 1,000 full-time employees, according to a memo sent to staff from Snap CEO Evan Spiegel on Wednesday. The company cites advancements in AI for the cuts. “While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial…
