Snap layoffs: Company may cut up to 1 in 5 jobs; Perplexity integration called off - The Economic Times

Snap Inc. is reportedly planning substantial job cuts, potentially impacting 15-20% of its workforce, as reported by Alex Heath. While some teams face significant reductions, the Specs unit, focused on AR smart glasses, is expanding hiring. Meanwhile, a planned $400 million integration with Perplexity AI has reportedly been aborted due to disagreements.