Snap is cutting 1,000 jobs, 16% of its workforce

According to a report, Snap is laying off about 16% of its global workforce, which will affect about 1,000 full-time employees. memorandum The message was sent to staff on Wednesday from Snap CEO Evan Spiegel. The company cites advances in AI for the reduction. “While these changes are necessary to realize Snap’s long-term potential, we…

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Trump accounts sign up 5 million kids, Bessent says

Trump accounts have signed up 5 million children, and 1.2 million are eligible for a $1,000 pilot program contribution, Treasury Secretary Scott Bessent said during CNBC’s Invest in America Forum on Wednesday. Enacted via President Donald Trump‘s “big beautiful bill,” the new tax-deferred investing accounts for children will officially launch on July 4. While all…

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