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…
Snap has announced a new partnership between its AR-glasses-focused subsidiary, Specs, and chip maker Qualcomm, as the company prepares to release its own wearable product later this year. The Snapchat maker has long been teasing the release of the glasses – called Spectacles, or simply Specs and, earlier this year, left a new company To…
Snap said Thursday it has signed a deal to integrate Perplexity’s AI search engine directly within Snapchat. As part of the deal, Perplexity will pay Snap $400 million in cash and equity. The deal gives Perplexity exposure to more than 940 million Snapchat users, who will get answers from its AI engine when they ask…
Snap is separating itself and reconstructing from within. In a new Company letterCEO Ivan Speigel just announced that the company is restructuring around 10 to 15 people’s small “startup squads” to make better competition against big contestants. This step comes in the form of increasing pressure in front of a 5,000-person company. Advertising revenue growth…
Snapchat is starting a new way for users to tell their friends and family that they are called “Home Safe”, called “Home Safe”, the social network declared on Thursday. To use the convenience, you have to set your bitmosy on the snap map and set your home space and then “my house.” When you get…
