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Stability AI to lay off more than 20 employees

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2024-04-18 13:46:29
Stability AI, a developer of meta-universe and digital media tools, has laid off more than 20 staff to "resize" its business. According to publicly available online data, Stability AI's layoffs account for about 10% of its global workforce, and the company employs about 200 people in total.
Metaverse and digital media tool development company Stability AI completed a $101 million seed round of financing.
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