Snapchat parent company slashes workforce, turns to AI
Cristiana Gigina
April 15 (UPI) -- Snap Inc., the parent company of messaging and social media app Snapchat, announced Wednesday that it's cutting up to 16% of its workforce worldwide and plans to use artificial intelligence tools for many tasks. This will affect about 1,000 people and cut about 300 open positions at the company. Evan Spiegel , the chief executive officer of Snap Inc., said in a memo to staff that AI will allow the company to be more efficient and profitable. "We believe that rapid advancements
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