InferentialApr 21

The Productivity That Isn't There

Snap cut 1,000 employees on April 15 and told investors that [65% of its new code is now AI-generated](https://www.businessinsider.com/snap-layoffs-ai-read-memo-snapchat-2026-4). The stock jumped 7%.

https://blog.codeland.org/posts/the-productivity-that-isn-t-there/

#AI #SaaS #Snap #SolowParadox #SeatCompression #Enterprisetech

Snap lays off 16% of workers, citing 'rapid advancements' in AI. Read the memo it sent to staff.

CEO Evan Spiegel said Snap would cut 1,000 employees, 16% of its global workforce, citing "rapid advancements in artificial intelligence."

Business Insider