Snap, the company behind Snapchat, cuts 1,000 employees, aiming for profitability in 2026 through AI-driven 'business transformation'

Snap plans to cut about 1,000 jobs and close more than 300 open roles.

The company is using AI to streamline development and operations while reducing costs.

The move is part of a broader push to turn profitable by 2026.

It highlights how social media companies are reshaping cost structures and workflows with AI.