Snap Cuts 1000 Jobs, Stock Pops 6% - Moby BREAKING NEWS Stop us if you’ve heard this one before: Snap, the company behind every teenager’s favorite photo-sharing app, plans to lay off about 1,000 workers in a broader pivot to AI, Reuters reports. And, of course, the market loves when real human workers are replaced by LLMs. The stock soared about 5% intraday Wednesday. It’s a much-needed boost for Evan Spiegel and co, as the stock is down nearly 28% this year. It’s trading at about $5.92 per share, an 8 ...