Snapchat parent cuts 1,000 jobs

The layoffs, which affect around 1,000 full-time employees, come as Snap joins a growing list of tech firms citing AI as a primary reason for workforce reductions.

CEO Evan Spiegel told staff that the company is investing heavily in AI tools to automate content moderation and enhance user engagement.

This is the latest round of job cuts for the Snapchat parent, which has struggled with slowing revenue growth and increased competition from TikTok.

Analysts noted that the move highlights the ongoing 'right-sizing' trend across the technology sector.