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November 13, 2019 05:30 pm

Silicon Valley's Singularity University Is Cutting Staff, CEO Exits

Singularity University, a Silicon Valley institute offering education on futurism, is reckoning with its own uncertain future. The chief executive officer is stepping down, and the organization plans to eliminate staff. From a report: The changes were outlined in an email Tuesday reviewed by Bloomberg that was sent to faculty by Erik Anderson, the executive chairman. They mark an extended decline for the company, which has in recent years lost an annual grant from Google and faced allegations of sexual assault, embezzlement and discrimination. Rob Nail, who ran Singularity for the last eight years, is leaving to pursue new career opportunities, Anderson wrote in the email. Singularity is conducting a CEO search, said a spokesman. The announcement of job cuts was made in line with U.S. labor law, which requires 60-day notice for companies with more than 100 employees, the spokesman said. Singularity declined to specify how many jobs would be affected, but a person familiar with the matter put the total at about 60. This person said many of those workers were informed of the news while attending a Singularity summit in Athens that ended Tuesday. Singularity, which takes its name from the notion that humans will someday merge with machines, was introduced in 2009 during a TED Talk by futurist Ray Kurzweil. The group operates for profit but with a mandate for social responsibility. Many alumni of its programs credit the organization with teaching them about cutting-edge concepts and helping them think more expansively.

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