Snap plans to lay off 16% of its staff, counts on AI to boost revenue
Snap announced plans to terminate 1,000 jobs on Wednesday, downscaling its full-time staff by 16%, making it the latest US tech firm to scale back its workforce in favor of increased AI adoption, following Oracle, Meta and Amazon. Snap’s plan will also close more than 300 open roles, on top of laying off existing employees […]
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Ladun Liadi -