Snapchat Plans to Lay Off 1,000 Employees, Citing AI Development

Snap Inc, the company behind Snapchat, announced a layoff of approximately 16% of its staff — about 1,000 people. Internally, the decision was explained by the rapid development of AI, which allows automating some tasks without human involvement.

At the same time, investors were pressuring management to reduce expenses and rethink the strategy. Following the news, the company's stock even rose, adding fuel to the debate. The question becomes increasingly pressing: is this real progress or just a new way to optimize business? 🤔