SNAP - Trendinginfo.blog

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Snap is cutting 1,000 workers in the latest tech layoff

Ravi Singh2 days ago03 mins

Snap, the parent company of disappearing messaging app Snapchat, said Wednesday that it’s laying off 1,000 workers to reduce costs. The Santa Monica social media company is pursuing profitability and efficiency as it faces stiff competition for ad dollars from bigger rivals such as Facebook parent company Meta and Google. Snap said it’s slashing 16%…

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Snap is laying off 16 percent of its workforce, blames AI

Ravi Singh2 days ago02 mins

Snap is laying off around 1,000 staff, amounting to 16 percent of its workforce, which it will seemingly replace with AI. The cuts were announced in a company-wide memo from CEO Evan Spiegel, who added that more than 300 open roles are also being closed. Spiegel said the “incredibly difficult” decision would likely save Snap…