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business9h ago
Snap is cutting 1,000 jobs, citing AI. Read the memo to staff.
Mrf.lu and 14 more
- Snap cuts about 1,000 jobs (roughly 16% of its workforce) to speed AI-driven efficiency and strengthen finances.
- Snap plans to close over 300 open roles as part of its AI-focused effort to boost efficiency.
- CEO Evan Spiegel says the cuts are needed to realize long-term potential amid rapid AI progress.
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