The layoffs were communicated by the newly appointed co-CEOs, Shan Shan Wong and Christian Laforte, who previously served as chief operating officer and chief technology officer, respectively. They explained that the restructuring was necessary to streamline parts of the business, which unfortunately involved parting ways with some colleagues. Employees affected by the layoffs, primarily in operational roles, have been notified individually.
The layoffs were communicated by the newly appointed co-CEOs, Shan Shan Wong and Christian Laforte, who previously served as chief operating officer and chief technology officer, respectively. They explained that the restructuring was necessary to streamline parts of the business, which unfortunately involved parting ways with some colleagues. Employees affected by the layoffs, primarily in operational roles, have been notified individually.
The restructuring follows recent turbulence at the top of the company. Mostaque's exit was reportedly influenced by scrutiny over misrepresented qualifications and a supposed strategic partnership with Amazon that turned out to be a standard cloud computing leasing contract. Mostaque had defended his actions, stating discrepancies over his academic qualifications were due to not attending a graduation ceremony and maintained the deal with Amazon was a strategic alliance.
Despite these challenges, Stability AI is pushing forward, maintaining normal operations and continuing to release products. The company recently unveiled developer APIs for its latest AI model, Stable Diffusion 3, signaling ongoing innovation despite the current upheavals. The search for a permanent CEO continues as Stability AI aims to stabilize its leadership and strategic direction moving forward.
Shakeup at Stability AI: 10% Staff Cut Following CEO Controversy
Stability AI, known for its flagship Stable Diffusion text-to-image model, is undergoing significant changes, including the dismissal of 10% of its workforce. This decision comes in the wake of the departure of its controversial former CEO, Emad Mostaque. According to an internal memo obtained by CNBC, over 20 employees were made redundant as part of an effort to "right-size" the company after a period of "unsustainable growth."
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