Snap Announces Layoffs Affecting 10% of Workforce, Restructures Ad Sales Team

Snap Inc. announced it will lay off approximately 500 employees, representing 10% of its workforce, with significant cuts to its advertising sales organization. The company is shifting focus to automated ad buying and AI-powered campaign tools.

Snap Inc. announced it will lay off approximately 500 employees, representing 10% of its workforce, with significant cuts to its advertising sales organization. The company is shifting focus to automated ad buying and AI-powered campaign tools.