Stability AI Layoffs
April 2024
Stability AI announced a layoff affecting 20 employees in April 2024. The company operates in the AI sector.
20
Apr 18, 2024
About
Stability AI, the artificial intelligence startup behind the Stable Diffusion image generator, has laid off more than 20 employees, representing about 10% of its global workforce of approximately 200 people. The layoffs, announced in an internal memo on Wednesday, are part of a restructuring effort by the new co-CEOs to "right-size" the business following a period of unsustainable growth. This move comes shortly after the departure of the company's controversial founder and former CEO, Emad Mostaque, and primarily affects operational staff as the leadership seeks to stabilize the company.
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View Sourcewww.cnbc.comMore AI Layoffs
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