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London-based AI unicorn Stability announces significant lay-offs

London-based AI unicorn Stability has made the difficult decision to lay off approximately a tenth of its workforce in a move to reduce costs. This strategic plan comes shortly after the departure of the company’s founder and CEO, Emad Mostaque.

The layoffs, impacting around 20 employees, were communicated to the entire company through a memo released on Wednesday evening, with Business Insider being the first to report on it. These layoffs are part of a larger effort to restructure certain areas of the business following a comprehensive review of the global team.

The memo emphasized that the decision, though tough, was necessary to optimize the business operations and ensure long-term sustainability. By right-sizing certain parts of the organization, Stability aims to set itself on a more stable trajectory for the future.

The recent organizational changes at Stability have included the exit of Emad Mostaque and several key executives, leading to current COO Shan Shan Wong and CTO Christian Laforte stepping in as interim co-CEOs.

Stability has seen a wave of senior leadership departures over the past year, such as VP of audio Ed Newton-Rex and original developer of Stable Diffusion Robin Rombach. The departures have not been without controversy, with disagreements over the use of copyrighted material for AI model training playing a role in some cases.

Despite the significant changes and challenges, Stability declined to provide further comment regarding the recent layoffs.

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