💼 Business 12h ago · Sarah Fielding

Snap layoffs today: 16% of jobs cut as CEO Evan Spiegel is the latest to tout AI advances

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Snap layoffs today: 16% of jobs cut as CEO Evan Spiegel is the latest to tout AI advances
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On Wednesday, April 15, Snap CEO Evan Spiegel announced in a letter to employees that the company would lay off about 1,000 people, including 16% of its full-time employees.



“We believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers,” Spiegel said in the letter.



That message could have been pulled from a number of tech CEOs recent bold statements that AI will repla

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