Snap, the company behind popular social media platform Snapchat, is eliminating roughly 1,000 positions, representing 16 percent of its workforce, as chief executive Evan Spiegel warns that the company is facing a "crucible moment" in its pursuit of lasting profitability.
The post βCrucible Momentβ: Social Media Giant Snap to Lay Off 1,000 Employees as It Embraces AI appeared first on Breitbart.
