Snap's stock jumps on plans to axe 16% of its workforce citing AI efficiencies
2026-04-15 · Tech
Snap is cutting 16% of its workforce because apparently AI can do their jobs now — and Wall Street is thrilled about it. Nothing says 'efficiency' quite like thousands of people losing their livelihoods so a disappearing-photos app can boost its stock price. The market rewarded the human carnage with a nice premarket bump, because of course it did.