Snap's stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies - CNBC

Snap's stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies - CNBC
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Snap's shares jumped on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies. CEO Evan Spiegel said in a letter to staff that the re… [+2613 chars]

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