@connorgallic: snap ceo evan spiegel announced the layoff of approximately 1,000 employees and closure of over 300 open roles citing rapid advancements in ai that allow smaller teams to achieve the same output. ai now generates more than 65% of snap's new code. the restructuring is expected to save over $500 million annually. snap's stock rose 11% in pre-market trading. when a company replaces workers with ai the stock goes up because investors see lower costs. the incentive structure is clear. comment "email" if this pattern concerns you. #ai #layoffs #snapchat #connorgallic

Connor Gallic

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Tuesday 28 April 2026 11:43:59 GMT