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Stock impact report

Snap's AI-driven layoffs, China's solar power export limits [Yahoo! Finance]

First Solar, Inc. (FSLR) 
Last first solar, inc. earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.firstsolar.com/investor-relations
Company Research Source: Yahoo! Finance
Snap ( SNAP ) is set to lay off 16% of its workforce, citing artificial intelligence (AI) productivity gains. Luxury retail brands, including Hermès ( RMS.PA ) and Kering ( KER.PA ), are slipping after Hermès warned of slowed retail activity due to impacts from the Iran war. First Solar ( FSLR ) stock is in focus after Reuters reported that China is considering export restrictions on solar equipment. Video Transcript Jared Now time for some of today's trending tickers. We are watching Snap, Hermes and Kering, and also First Solar. Jared Jay Connolly joins me now. First up, let's talk Snap, and this is an AI story. It's laying off 16% of its workforce. Um, that's 1,000 jobs plus closing 300 plus open roles. Company is saying that AI is lifting productivity, now writing 65% of their new code, so fewer employees. Jake I mean, this is becoming the playbook, right? This was Jack Dorsey with Block cutting 40% of the workforce. That stock also rocketing after that announce Show less Read more
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