CEO Evan Spiegel said Snap would cut 1,000 employees, about 16% of its global workforce, and cited AI as a tool to "increase velocity." Snap has become the latest tech company to announce sweeping layoffs. In a memo to employees released in a regulatory filing on Wednesday, CEO Evan Spiegel said Snap would cut 1,000 employees, about 16% of its global workforce, citing "rapid advancem... [1794 chars]
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