Microsoft

Snap Inc blames AI as it lays off 1,000 workers

The layoffs at Snap Inc highlight the growing trend of tech companies reducing workforce sizes as they shift towards AI-driven operations, raising concerns about job security in the industry.

• •Snap Inc plans to lay off 1,000 employees, 16% of its workforce
• •Layoffs attributed to advancements in artificial intelligence
• •Part of a broader trend of tech industry layoffs linked to AI