Santa Monica-based Snapchat owner cuts 16% of global staff–cites AI efficiency

Santa Monica-based Snapchat owner cuts 16% of global staff–cites AI efficiency

The owner of social media platform Snapchat said Wednesday it's eliminating about 16% of its global workforce, or about 1,000 jobs that will be culled in its latest round of layoffs.Snap Inc. said in a regulatory filing that the job cuts will cost about $95 million

Original Source

Read the full article at Smdp →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.