Snap Laying Off 1,000 Employees as CEO Evan Spiegel Says Company Faces “Crucible Moment”
Spiegel told staff in a memo Wednesday that staff will use artificial intelligence to work faster: “We have already witnessed small squads leveraging AI tools to drive meaningful progress.”
Snap Inc. Lays Off 1,000 Staff
- Snap Axing 1,000 Staffers, 16% of Headcount; CEO Evan Spiegel Cites AI as Helping Boost Efficiency for Smaller Teams Variety —
- Snap Inc blames AI as it lays off 1,000 workers The Guardian —
- Snap to Cut 16% of Its Workforce in Quest for Profitability Bloomberg —
- Snap Is Laying Off 16% of Full-Time Staff as It Embraces A.I. The New York Times —
- Snap Announces Mass Layoffs Newsweek —