Snap CEO Evan Spiegel Parties With Wife, Miranda Kerr Returns To Lay Off 1,000 Employees: Social Media Reacts, ‘Sick’

(MENAFN– Live Mint) Evan Spiegel was spotted enjoying the Coachella Valley Music and Arts Festival in California with his supermodel wife, Miranda Kerr. The billionaire co-founder and CEO of Snap Inc returned and announced layoffs involving around 1,000 employees. Spiegel, 34, blamed artificial intelligence as a key reason for the cuts.

Miranda Kerr posted a series of videos and photos from the festival on Instagram. The, the 42-year-old Australian supermodel and former Victoria’s Secret Angel captioned the gallery simply as “A day in the…