Is Snap's Strategy Shift Really About Efficiency?

Reading about the recent layoffs at Snap and the emphasis on embracing new tech as the reason. It's the same story we've heard from so many companies lately. While I understand the need to adapt, I can't help but feel there's a disconnect. Are these cuts genuinely about streamlining operations and becoming more efficient with new tools, or is it a convenient narrative to push through a planned reduction in headcount? From my perspective, it's hard to see how shedding talent automatically leads to better efficiency without a clear plan. I'm curious to hear from people who might have insight into the strategic decisions behind these layoffs. Is this a smart pivot for Snap, or are they just following a trend that could backfire? What are your thoughts on the long-term implications?