In April, Snap laid off about 1,000 people, with CEO Evan Spiegel primarily citing AI as the reason in his layoff memo. He also said that AI generated 65% of new code. In reality, the layoffs followed a campaign by an activist investor demanding cost cuts. (Snap has posted a net loss every full year since its 2017 IPO and shares were down over 30% in 2026). Tellingly, the nature of the cuts, such as 150 jobs spanning various roles in the augmented reality division, don’t correlate with the cuts we would expect to see if they were driven by AI (i.e. programming and other “AI-exposed” jobs across the board, not concentrated in any unit) FROM
Arvind and Sayash from AI as Normal Technology NEWS
Ossuarries of the spectacles BACKGROUND
https://en.wikipedia.org/wiki/Snap_Inc.
Why augment when you can transcend?
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