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Read the email Stability AI leaders sent employees announcing layoffs

Apr 18, 2024 - businessinsider.com
Stability AI, the company behind the popular AI image generator Stable Diffusion, is making job cuts as part of a strategic plan to "right-size parts of the business" and "focus" its operations. The company has been working over the past few weeks to reduce its cost base, but it is unclear how many of its nearly 200 employees as of October will be affected by the cuts.

In an email to the team, the leadership explained that the decisions were not taken lightly and are aimed at setting the company on a more sustainable path. The company plans to continue developing innovative products like Stable Diffusion 3 API & Stable Assistant Beta. Affected employees have been notified individually and will be supported throughout the transition period.

Key takeaways:

  • Stability AI is cutting jobs as part of an effort to 'right-size parts of the business' and 'focus' its operations.
  • The company has been working on a strategic plan to reduce its cost base and strengthen support with investors and partners.
  • It's unclear how many roles are being cut, but the company had nearly 200 employees as of October.
  • Stability AI is the company behind the popular AI image generator Stable Diffusion.
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