1. Snap CEO Evan Spiegel Cuts 16% of Workforce, Citing AI-Driven 'New Way of Working'
Snap Inc. is slashing 16% of its full-time workforce, a cut impacting roughly 1,000 employees, as CEO Evan Spiegel declares that artificial intelligence has unlocked a fundamental shift in operations. The move, framed not merely as a cost-saving measure but as a strategic pivot enabled by technology, is projected to re...