Snap Cuts 95 Jobs in Washington State, Aims for AI-Driven Profits

0:00It's April 17th. Welcome in. This is Canada News Today, where local news meets AI. I'm Corey with the story. Snaps trimming 95 jobs in Washington State, kicking off a wave of cuts at the parent of Snapchat. These layoffs, hit offices in Seattle, Bellevue and Vancouver, rolling out from April 16th through June 16th, per recent state filing. Tech spots like software engineers and product managers are taking the biggest hits, mirroring cuts across the industry this past year. The moves aim to slash costs by more than $500 million in the second half of the year, with CEO Evan Spiegel pointing to artificial. Intelligence as the real driver-fringed teams from repetitive tasks to boost speed and support for users and advertisers. Snap expects $1.5 billion in revenue from that first quarter of 2026, ending March 30th as they chase bigger. On Snapchat's young crowd appeal.