Snapchat owner cuts 1,000 jobs as says AI will reduce repetitive work
- Apr 16
- 1 min read
BBC — Snap is the latest tech company to cut jobs, citing the growing ability of artificial intelligence (AI) tools.
The Snapchat owner has axed about 1,000 employees - 16% of staff - and withdrawn hundreds of open job roles, according to a financial disclosure.
Evan Spiegel, Snap's co-founder and CEO, told employees the company was in "a crucible moment" and the goal of the cuts was to reduce yearly costs by $500m (£368m).
Read the full story | BBC
