Stability AI laid off approximately 20 employees (~10% of its ~200-person workforce) in April 2024, weeks after founder and CEO Emad Mostaque resigned on March 22, 2024 citing strategic disagreements. The cuts largely affected operational staff as interim co-CEOs Shan Shan Wong and Christian Laforte restructured the company amid reports of an $8M/month burn rate and a failed $4 billion fundraising attempt.