Updated Jul 2
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Apr 15, 2026
Snap Inc. Considers Major Layoffs to Refocus on Augmented Reality
In a strategic move to concentrate on augmented reality and hardware initiatives, Snap Inc., the parent company of Snapchat, is gearing up for significant layoffs. The company plans to cut 15-20% of its global workforce possibly as soon as this week. This effort aims to enhance operational efficiency amid slowing ad revenue growth by streamlining operations and sharpening focus on its AR ambitions, including projects like Spectacles.
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Apr 15, 2026
Snap Inc. Announces Major Layoffs Amid AR Ambitions and Deal Collapse
In a move that marks a pivotal 'crucible moment' for the company, Snap Inc. is set to announce significant layoffs affecting 15-20% of its workforce, as it shifts focus towards AR innovation with its Specs glasses. Complicating matters, a high-profile Perplexity AI integration deal valued at $400 million has fallen through, adding financial strain. With Snapchat+ subscriptions climbing and activist investors like Irenic Capital pushing for strategic shifts, Snap looks to navigate a challenging landscape.
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Apr 14, 2026
Google Faces Billions in Mass Arbitration Claims Amid Antitrust Turmoil
Alphabet's Google is staring down potential billion-dollar damage claims from advertisers through mass arbitration, following U.S. court decisions labeling its ad tech as monopolistic. As big names like USA Today and Advance Publications join the bandwagon, the landscape of digital advertising might never be the same again.
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