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

A student sits in a classroom at Singularity University in Moffett Field, California, on Aug. 6, 2013.

A student sits in a classroom at Singularity University in Moffett Field, California, on Aug. 6, 2013.

Photographer: Tony Avelar/AP Photo

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.

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.