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Irenic

Snap cuts 16% of workforce as AI adoption drives cost reductions

The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable.

16 Apr 2026-09:47
Snap to cut 1,000 jobs after investor pressure

Snap Inc has announced plans to lay off around 1,000 employees, or roughly 16% of its full-time workforce, as it moves to cut costs and respond to pressure from an activist investor.

15 Apr 2026-14:31