Snap lays off 16% of workers, citing 'rapid advancements' in AI. Read the memo it sent to staff.
CEO Evan Spiegel said Snap would cut 1,000 employees, 16% of its global workforce, citing "rapid advancements in artificial intelligence."
- 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 —