Snapchat Parent Company Cuts 1,000 Jobs in Major AI-Driven Restructuring
Workforce Reduction Strategy Snap Inc., the parent company of Snapchat, announced on Wednesday that it will lay off approximately 1,000 employees—roughly 16% of its global workforce—as part of a significant organizational restructuring. The Santa Monica-based company is pivoting toward an AI-centric operational model, citing the ability to streamline workflows through automation and reduced team sizes….