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893 Stability AI announces layoffs amid financial strain

KillerStartups
Ethan Mitchell @ KillerStartups · 04/23/2024 18:48 EDT

Stability AI announces layoffs amid financial strain

Stability, a prominent tech enterprise specializing in AI innovation, has announced a 10% workforce reduction amidst pandemic-induced financial strains and recent market downturns. The decision, also linked to controversies following the departure of the former CEO, aims to streamline operations and ensure company growth.
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