Snap is the latest tech company to cut jobs, citing the growing ability of artificial intelligence (AI) tools. The Snapchat owner has axed about 1,000 employees - 16% of staff - and withdrawn hundreds of open job roles, according to a financial disclosure. Evan Spiegel, Snap's co-founder and CEO, told employees the company was in "a crucible moment" and the goal of the cuts was to reduce yearly costs by $500m (£368m). Spiegel said that workers who remain at the company will be using AI tools to