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#irenic-capital · How AI Is Reshaping Work

Tracking how AI is reshaping roles, departments, and industries — updated daily.

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Snap Just Laid Off 1,000 People Because AI Now Writes 65% of Its Code AI & Jobs

Snap Just Laid Off 1,000 People Because AI Now Writes 65% of Its Code

Snap is cutting 16% of its global workforce — about 1,000 people — and closing 300+ open roles. CEO Evan Spiegel said the quiet part out loud: more than 65% of new code at Snap is now AI-generated, and the company expects to book over $500M in annualized savings by the back half of 2026.

#snap#snapchat#evan-spiegel