Snap to Cut 16% of Workforce as It Seeks Profitability
The social-media company is planning to eliminate as many as 1,000 positions to enable it to increase efficiency and pursue profitable growth, its chief executive said.
- Snap Inc., Snapchat parent company, slashes workforce, turns to artificial intelligence UPI —
- Snapchat owner announces global layoffs amid financial challenges SFGate —
- Snap is laying off 16 percent of its workforce, blames AI Engadget —
- Snap is cutting 1,000 workers in the latest tech layoff Los Angeles Times —
- Snap Axing 1,000 Staffers, 16% of Headcount; CEO Evan Spiegel Cites AI as Helping Boost Efficiency for Smaller Teams Variety —