Snap layoffs today: 16% of jobs cut as CEO Evan Spiegel is the latest to tout AI advances
The company said Wednesday it would let go of about 1,000 employees. SNAP stock rose over 6% on the news. On Wednesday, April 15, Snap CEO Evan Spiegel announced in a letter to employees that the company would lay off about 1,000 people, including 16% of its full-time employees.