Snap Lays Off 16% Staff, Embraces AI

Snap is implementing significant workforce reductions, cutting approximately 16% of its employees, which translates to about 1,000 full-time positions. This strategic move aims to enhance profitability by streamlining operations and leveraging advancements in artificial intelligence. CEO Evan Spiegel indicated that AI will help teams reduce repetitive tasks, increase efficiency, and improve support for users, partners, and advertisers. The company is also closing around 300 vacant roles as part of this restructuring effort to better position itself for long-term growth and capitalize on the evolving technological landscape.