Techniques for scale and reduction of FP8 data elements are described. An exemplary instruction includes fields for an having fields for an opcode, an identification of a location of a first packed data source operand, an identification of a location of a second packed data source operand, and an identification of a packed data destination operand, wherein the opcode is to indicate that execution circuitry is to perform, for each data element position of the packed data source operands, a floating point scale operation of a FP8 data element of the first packed data source by multiplying the data element by a power of 2 value, wherein a value of the exponent of the power of 2 value is a floor value of a FP8 data element of the second packed data source, and store a result of the floating point scale operation into a corresponding data element position of the packed data destination operand.