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Layoffs in the Name of AI! Snap Cuts a Thousand Jobs, Tech Giants Follow Suit
1 week ago /
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Author：小编
Social media company Snap announced that it will lay off approximately 1,000 full-time employees, accounting for 16% of its global workforce, and close over 300 open positions in pursuit of profitability goals. The company expects this move to reduce its annualized cost base by over $500 million by the second half of 2026. Additionally, Snap's newly established XR subsidiary, Specs, has partnered with Qualcomm to launch AR glasses.
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