Snap (SNAP) Is Up 25.1% After AI-Driven Restructuring and Major Cost-Cut Plan - What's Changed
yahoo.com
Snap (SNAP) Is Up 25.1% After AI-Driven Restructuring and Major Cost-Cut Plan - What's Changed
Earlier this month, Snap said it would cut about 1,000 employees, around 16% of its workforce, and close more than 300 open roles as part of an AI-enabled restructuring that it expects will reduce annualized expenses by over US$500 million by the second half of 2026. At the same time, Snap highlighted that more than 65% of its new code is now ...
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