Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

clock • 1 min read
Stability AI cutting staff in the name of restructuring. Source: Wikimedia
Image:

Stability AI cutting staff in the name of restructuring. Source: Wikimedia

Stability AI is preparing to lay off staff as a part of a restructuring process following the resignation of CEO Emad Mostaque, according to an internal memo seen by Reuters on Thursday.

The news comes as Stability released its latest Stable Diffusion LLM to developers on Wednesday. In March, Mostaque stepped down from the board of the AI startup he founded, which develops the S...

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