Snap Cuts 1,000 Jobs (16% of Workforce), Says AI Now Writes 65% of Its Code

TechCrunch·high signal

Snapchat parent Snap announced layoffs of approximately 1,000 employees — 16% of its full-time workforce — citing 'rapid advancements' in AI. CEO Evan Spiegel disclosed that AI now generates more than 65% of Snap's new code, one of the highest disclosed AI-coding ratios from a public company. The restructuring is expected to strip $500M+ from Snap's annualized cost base; stock jumped 7% on the news.