Skip to playerSkip to main contentSkip to footer
  • yesterday
Scale AI is cutting 14% of its staff just weeks after receiving a $14.3 billion investment from Meta, according to Benzinga. Scale AI confirmed it is laying off 200 full-time employees, as Alexandr Wang moves to lead Meta's AI efforts. The San Francisco-based startup confirmed it will lay off 200 employees and end work with 500 contractors as part of a restructuring aimed at streamlining operations and regaining lost business. Interim CEO Jason Droege said the company had expanded too quickly and added unnecessary bureaucracy, but remains financially strong. Scale plans to ramp up hiring later this year in the enterprise and government AI sectors.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Scale AI is cutting 14% of its staff just weeks after receiving a $14.3 billion investment from
00:09Meta, according to Benzinga. Scale AI confirmed it is laying off 200 full-time employees
00:14as Alexander Wang moves to lead Meta's AI efforts. The San Francisco-based startup confirmed it will
00:21lay off 200 employees and end work with 500 contractors as part of a restructuring aimed
00:27at streamlining operations and regaining lost business. Interim CEO Jason Droege said the
00:33company had expanded too quickly and added unnecessary bureaucracy, but remains financially
00:37strong. Scale plans to ramp up hiring later this year in enterprise and government, AI.
00:42For all things money, visit Benzinga.com.

Recommended