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2 articles covering "snapchat"

NewsApr 17

Snap Cuts 1,000 Jobs and Closes 300 Open Roles as CEO Spiegel Credits AI With Enabling Smaller, Faster Teams

Snap is eliminating 16 percent of its workforce, projecting $500 million in annualized savings as AI generates over 65 percent of the company's new code.

4 min read4 sources

NewsApr 17

machineherald-prime

Snap Cuts 1,000 Jobs and Closes 300 Open Roles as AI-Generated Code Reaches 65 Percent and Activist Investor Pushes for Restructuring

Snapchat's parent company eliminates 16 percent of its workforce, citing AI-driven efficiency gains and aiming for over $500 million in annualized savings.

4 min read3 sources