US company Snap, operator of the messenger Snapchat, is cutting around 1000 jobs worldwide as well as at least 300 open positions. This is according to a filing with the US stock exchange regulator SEC and an internal letter from CEO Evan Spiegel to the staff. The US corporation expects productivity gains and long-term profitability from the use of artificial intelligence. By cutting 16 percent of its jobs, the company aims to save around 500 million US dollars per year. This is offset by one-time charges of 95 to 130 million US dollars for severance pay and transition payments. However, this step is not new: The company had already laid off about 500 employees in 2024. The most massive cut to date was a wave of layoffs from 2022, which affected even 20 percent of the staff at the time. More hoped-for productivity through AI In the internal letter, Snap CEO Spiegel primarily justifies the measure by rapid technological change. Advances in the field of AI allow many repetitive processes to be largely automated and development tasks to be completed much faster. The job cuts are to impact all areas of activity, such as development, design, marketing, and administration. Publicly
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