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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