#1 out of 9982.58%
business8h ago
Snap Axing 1,000 Staffers, 16% of Headcount; CEO Evan Spiegel Cites AI as Helping Boost Efficiency for Smaller Teams
Variety.com and 13 more
- Snap plans to cut about 1,000 jobs, roughly 16% of its workforce, as it doubles down on AI efficiency.
- The layoffs include eliminating more than 300 open roles as part of Snap's broader AI push to improve efficiency.
- Snap expects over $500 million in cost savings by the second half of the year to sharpen its path to profitability.
Vote 31










