Snapchat parent company Snap has announced the elimination of around 1,000 full-time positions — equivalent to 16 percent of its global workforce. CEO Evan Spiegel communicated the decision in an internal memo. The company is also cutting more than 300 open roles. Spiegel cites cost reduction and improved profitability as the rationale behind the cuts. Artificial intelligence plays a central role. The CEO believes “that the rapid advances in artificial intelligence enable our teams to reduce