Snap will lay off 20% of staff, report says

Layoffs "will affect certain departments including hardware and developer products."

This is a fun reminder to me that Snap still has a hardware department that is on its fourth iteration of glasses, this time with a display and AR capabilities.

Apparently the AR is used to do...something? I dunno, the examples shown on the marketing pages don't show much of a value proposition to me.

I'm amused that perpetually unprofitable tech companies like Snap throw away money on products like this where "moonshot" would be giving them too much credit.

https://www.spectacles.com/creators/

https://www.spectacles.com/new-spectacles/

Ok, who is snap. It's this the company that fits snap chat?