Snap Fires 1,000 Workers as AI Writes 65% of Its Code — and the Stock Jumped 7%
16 Apr | 9 min read | AI & Intelligence
Snap laid off 16% of its global workforce — approximately 1,000 employees — on April 15, 2026, explicitly citing AI. CEO Evan Spiegel revealed AI now generates over 65% of Snap's new code. The cuts will save $500 million annually by H2 2026.
