Snap layoffs today: 16% of jobs cut as CEO Evan Spiegel is the latest to tout AI advances

“We believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers.” On Wednesday, April 15, Snap CEO Evan Spiegel included that statement in a letter to employees announcing the company would lay off about 1,000 people, including 16% of its full-time employees. Yet, that message could have been pulled from a number of tech CEO’s recent bold statements that AI will replace em...