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Young Billionaires Mercor Face Backlash Over Pay Cuts

11/15/2025

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Summary

Story summary

Forbes reported that three 22-year-old co-founders of Mercor became the youngest self-made billionaires.
Mercor faced backlash after reportedly ending an AI project and reducing contractors' pay from $21 to $16 per hour.
Contractors reported that they were abruptly informed of the cancellation and expressed dissatisfaction with the new pay rate.
Mercor defended the changes, saying they aimed to provide greater earning stability and that the work was temporary and project-based.

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Story summary

Forbes reported that three 22-year-old co-founders of Mercor became the youngest self-made billionaires.
Mercor faced backlash after reportedly ending an AI project and reducing contractors' pay from $21 to $16 per hour.
Contractors reported that they were abruptly informed of the cancellation and expressed dissatisfaction with the new pay rate.
Mercor defended the changes, saying they aimed to provide greater earning stability and that the work was temporary and project-based.