Snap lays off 16% of workers, citing 'rapid advancements' in AI

Snap lays off 16% of workers, citing 'rapid advancements' in AI(businessinsider.com)

12 points by matthieu_bl 55 days ago | 7 comments

aurareturn 55 days ago |

All of these things can be true at the same time:

* AI makes it that you don't need as many devs as in the past

* Snap is a terrible business

* Snap overhired during Covid

* High interest rates are forcing companies to downsize

matthieu_bl 55 days ago |

SEC filling https://www.sec.gov/Archives/edgar/data/1564408/000119312526...

xvxvx 55 days ago |

I haven’t heard anyone mention Snapchat in a long time.

jqpabc123 55 days ago |

We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.

I guess "human progress" doesn't include empowering people with a job?

jazz9k 55 days ago |

You really have to ask yourself if tech companies are doing things to help humanity, when it seems the only goal for AI is massive job loss, with no alternative for the people that lost their jobs.

rvz 55 days ago |

This is AGI.

disqard 55 days ago | |

You might enjoy this piece by Charlie Stross:

https://www.antipope.org/charlie/blog-static/2018/01/dude-yo...

(Spoiler: Corporations are AI)