Snap is laying off 16% of its workforce, blames AI

Snap is cutting about 1,000 jobs, or 16% of its workforce, and will eliminate more than 300 open roles.

CEO Evan Spiegel said AI is reducing repetitive work, helping Snap streamline operations and lower costs.

Affected employees will receive severance and benefits as the company pushes to improve profitability.

The move reflects a broader tech trend of using AI-driven efficiency gains to justify smaller teams.