Scale AI Slashes Workforce, Pivots Business Strategy
Summary
Breaking news: Scale AI, a prominent AI data labeling company, undergoes a major restructuring, cutting 14% of its workforce, terminating contracts with 500 global contractors, and pivoting away from its core data labeling business following Meta's acquisition of a competitor.
Key Points
- Scale AI lays off 14% of its staff, roughly 200 employees
- Scale AI cuts ties with 500 global contractors
- Scale AI pivots away from its core data-labeling business after Meta's acquisition