Scale AI Cuts 14% of Staff Following $14B Meta Investment 💼

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.