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Maker of Stable Diffusion Conducts Mass Layoffs
[ad_1] How much longer with Stability AI last? Sink or Swim For months now, the company behind the Stable Diffusion AI image generator has been publicly falling apart — and now it’s conducting mass layoffs. As CNBC reports, Stability AI — the creator of the image generator — laid off 20 people this week as the company attempts to “right-size” its business model in the wake of the publicity-garnering exit of its former CEO Emad Mostaque last month. In an email to employees, the company’s new co-CEOs Shan Shan Wong and Christian Laforte said that Stability needs to “restructure parts of the business, which will sadly mean saying goodbye to some colleagues.” Though 20 people isn’t a lot by the standards of other mass layoffs in the tech sector, it represents 10 percent of Stability’s global workforce — and represents further turmoil for the embattled firm, which has for the better part of a year been falling into chaos related to Mostaque’s alleged resume fabrications, strange behavior, and shoddy business practices. Both before and after his March ouster, …
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