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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 ‘Crucible Moment’: Social Media Giant Snap to Lay Off 1,000 Employees as It Embraces AI appeared first on Breitbart.
