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 more than $500 million by the second half of 2026, in turn helping it to “establish a clearer path to net-income profitability.” Impacted staff were notified by email and the company’s North America-based team were instructed to work from home. Snap said it would provide four-month severance packages to those affected by the layoffs, as
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