Snap is laying off 16 percent of its staff as it leans into AI

Snap is laying disconnected astir 16 percent of its planetary workforce successful a cost-cutting effort to pursuit improved profitability with the assistance of AI. The cuts volition interaction astir 1,000 full-time employees, according to a memo sent to staffers from Snap CEO Evan Spiegel. An further 300 unfastened roles are besides being closed.

"While these changes are indispensable to recognize Snap's semipermanent potential, we judge that accelerated advancements successful artificial quality alteration our teams to trim repetitive work, summation velocity, and amended enactment our community, partners, and advertisers," Spiegel wrote successful the memo, which was included successful the company's 8-K filing. …

Read the afloat communicative astatine The Verge.