US Stocks Move: Snap rises 2.5% pre-market as company plans 16% layoffs and Specs consumer-grade AR glasses to launch this year

Glonghui, April 15 — A certain exchange rose 2.5% in pre-market trading to $5.74. According to reports, the exchange plans to lay off 16% of its workforce, affecting about 1,000 full-time employees, in pursuit of profitability targets. In addition, the exchange’s newly established XR subsidiary, Specs, and Qualcomm announced a multi-year partnership for the upcoming AR glasses, with Qualcomm committed to providing Snapdragon chips for future iterations. Both companies reiterated that the next generation of the exchange’s Specs will launch “later this year.”