Snapchat CEO lays off 1,000, citing ‘rapid advancements’ in AI

Snap is laying off approximately 1,000 employees, representing about 16% of its workforce. CEO Evan Spiegel cited rapid advancements in artificial intelligence as a factor, stating AI reduces repetitive work and increases velocity. The company indicated over 65% of its new code is now generated by AI, allowing smaller teams to handle work.

Spiegel framed the layoffs as part of a pivot toward AI and cost-cutting measures. The announcement follows similar workforce reductions at other technology companies in recent months. Snap's share price has faced pressure, and the move aims to improve operational efficiency.

The layoffs occur amid broader industry trends where companies are integrating AI tools to automate tasks. Snap stated the restructuring will help it focus on high-priority projects and long-term growth. The company did not specify which departments or regions are most affected by the cuts.