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116 Snap says it will lay off 16% of its global workforce. Read the memo it sent to staff.

Business Insider
Tom Carter @ Business Insider · today 06:46 EDT

Snap says it will lay off 16% of its global workforce. Read the memo it sent to staff.

CEO Evan Spiegel said Snap would cut 1,000 employees, 16% of its global workforce, citing "rapid advancements in artificial intelligence."

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