Metaverse company Stability AI cuts 10% of global staff

Metaverse and digital media tool development company Stability AI has "adjusted" its business scale and laid off more than 20 employees. It is reported that the number of layoffs at Stability AI accounts for about 10% of its global workforce, and the company employs about 200 employees in total. Previously reported, Stability AI, a metaverse and digital media tool development company, completed a $10.1 million seed round of financing.