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

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	Snap lays off 16% of workers, citing 'rapid advancements' in AI (businessinsider.com)
	12 points by matthieu_bl 72 days ago

6 comments

aurareturn 72 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 72 days ago

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

xvxvx 72 days ago

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

jqpabc123 72 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 72 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 72 days ago

This is AGI.

disqard 72 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)