@kalshi: On Saturday, Snapchat CEO Evan Spiegel was spotted enjoying his time at Coachella. Two days later, Snap laid off 1,000+ employees — ~16% of its workforce — citing "rapid advancements" in AI as the cause. Kalshi Traders are confident the tech layoffs will continue this year with and 83% chance there will be more than 2025.

periniun :

who uses snap chat

Thatsnae :

boycott every company replacing its employees with AI

_Rob215 :

What does this have to do with snap letting 1k off?

JYTFans :

CEO lays off 1,000 employees after being seen eating dinner at a restaurant

Frenchtoasst :

This is my sign that i'm glad that i wasn't hired 🤭

ValueX :

Why does it matter what he’s doing? 😂 he runs a company…..

Fezz :

What does it have to do with the CEO enjoying his weekend?

Digital_Eden_AZ :

We don’t need Snapchat anyways

taby :

dude can't go to a music festival?

keritydings :

What does it have to do with being at Coachella?

BlastOff :

He used their pay to attend 😅

Tybops :

Just accept the fact that is the future and find a currer path that cannot be replaced by AI

landoxufgdy :

Didn’t need that many employees anyways 😭

ashlyn 🐇 :

Glad I deleted it almost a year ago 🥲

Most cunning linguist :

Well he had to pay for his trip somehow. 👍

empathyiskey33 :

The Deal King :

Siegel you say….

cotedazur ⛵️ :

Can you imagine a billionaire CEO spending thousands on a teenager concert knowing he is about to destroy 1000 people’s lives? No way, not in America!!

2eggs1sausage :

AI is going to ruin the world and I can't wait for a revolution to start!

Ms. Ireland :

and

lester :

😂😂😂