Your browser does not support the video element. A company announcing layoffs cited AI. How original. Snap is cutting 16% of its workforce, with CEO Evan Spiegel referencing "rapid advancements" in AI . It joins the ranks of Block , Atlassian , and a handful of others that have cited the tech as one of the driving reasons behind the layoffs. We could argue over whether these cuts are actually AI-related . Snap's stock is down 25% this year and more than 90% from its all-time high. That's