Layoffs

CNN announced the layoff of 100 employees, accounting for 31% of its total staff. The decision was seen by CEO Mark Thompson as part of the company's modernization and transformation to video content. Thompson emphasized in an internal memo that future strategies include accelerating the transformation to video content and plans to make strategic advances in the field of artificial intelligence to better serve viewers and achieve news goals. Although Thompson did not disclose specific artificial intelligence plans in detail, the mention shows CNN's ambition to adopt new technologies. He said in the memo…

Replit Inc., a cloud development tool startup that is a pioneer in promoting generative artificial intelligence coding, announced that it has laid off 30 employees, accounting for about 20% of its total staff. Replit CEO Amjad Masad announced the news in an email sent to company employees, which was published on X (original Twitter) today. Masad said in the email that the company "decided to part ways with 30 outstanding colleagues." He emphasized that this was a difficult decision, but in order to ensure that Replit can achieve its mission and win…

UK AI firm Stability AI has announced 20 layoffs, representing around 10% of its workforce, just a day after announcing an expansion in the use of its flagship model. The layoff decision comes after weeks of turmoil following the departure of its founding CEO. According to CNBC, the U.K.-based AI company runs a stable diffusion text-to-image model, and the layoff decision is part of the company's "strategic plan to reduce our cost base, strengthen support with our investors and partners, and enable the team to continue to develop and release innovative...