•1 min read•from TechCrunch
Snap is cutting 1,000 jobs, 16% of its workforce
Our take
Snap Inc. is set to reduce its workforce by 1,000 employees, accounting for 16% of its total staff. This decision comes as the company shifts its focus towards leveraging advancements in artificial intelligence, aiming to streamline operations and enhance its product offerings. By embracing innovative solutions, Snap seeks to adapt to a rapidly evolving market landscape.
The company cites advancements in AI for the cuts.
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