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Snap is laying off 16 percent of its workforce, blames AI
Snap is laying off approximately 1,000 employees, representing 16 percent of its workforce, with CEO Evan Spiegel citing advancements in artificial intelligence as a reason for the reduction. The company expects these changes to save over $500 million by the second half of 2026 and improve net-income profitability. This move follows similar workforce reductions at other tech companies like Amazon, Microsoft, and Pinterest, as they increasingly integrate AI to boost efficiency.
Evening Metaverse
The New York Times is blocking the Internet Archive, a move criticized as a mistake. Separately, Pinterest CEO Bill Ready stated that teenagers under 16 should be banned from social media platforms, though he excluded Pinterest from this recommendation.
Pinterest CEO says teens under 16 should be banned from social media (but not Pinterest)
Pinterest CEO Bill Ready advocates for a global ban on social media for individuals under 16, arguing it is unsafe for this age group. He believes Pinterest, which already has restrictions for younger users and identifies as a visual search platform, should be exempt from such bans.