AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo
Publishing timestamp: 2024-04-18 11:12:37
Summary
Stability AI laid off more than 20 employees after unsustainable growth period and exit of controversial former CEO. The layoffs amount to about 10% of its global headcount. The company is still searching for a permanent CEO and continues to operate and release new products.
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