Snap to Cut 16% of Its Workforce in Quest for Profitability
Snap Inc. is laying off roughly 1,000 full-time employees, or 16% of its global workforce, part of an effort by Chief Executive Officer Evan Spiegel to reduce costs and achieve profitability.
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 Is Laying Off 16% of Full-Time Staff as It Embraces A.I. The New York Times —
- Snap Announces Mass Layoffs Newsweek —
- Snapchat owner cuts 16% of global staff in latest round of job cuts ABC News —