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Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
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Snap's stock jumps 7% after announcing plans to lay off up to 16% of its workforce CNBCSnap's crucible moment Sources | Alex HeathSnap to Cut 16% of Its Workforce in Quest for Profitability Bloomberg.comSnap to lay off 1,000 employees, close 300 roles as it targets profitability; shares rise MSNSnap to Cut 16% of Workforce as It Seeks Profitability WSJ
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Snap's stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies CNBCSnap to cut 1,000 jobs after activist pressure, bets on AI efficiency Yahoo FinanceSnapchat owner cuts 16% of global staff in latest round of job cuts abcnews.comSnap's crucible moment Sources | Alex Heath
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