Snap lays off 16% of workers, citing 'rapid advancements' in AI. Read the memo it sent to staff.

Snap lays off 16% of workers, citing 'rapid advancements' in AI. Read the memo it sent to staff.

CEO Evan Spiegel said Snap would cut 1,000 employees, 16% of its global workforce, citing "rapid advancements in artificial intelligence."

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