Developer neighborhood web site Stack Overflow has laid off 28% of its employees, the Prosus-owned firm introduced Monday.
In a blog post, Stack Overflow’s CEO, Prashanth Chandrasekar indicated that the corporate is specializing in its path to profitability. Whereas the submit didn’t elaborate on the explanation behind the job cuts, it talked about prospects’ budgets shifting elsewhere “because of the macroeconomic pressures.”
“This 12 months we took many steps to spend much less. Adjustments have been pursued by way of the lens of minimizing the affect on the lives of Stackers. Sadly, these modifications weren’t sufficient and we now have made the extraordinarily tough determination to scale back the corporate’s headcount by roughly 28%,” Chandrasekar mentioned.
Whereas Stack Overflow is primarily a Q&An internet site for shoppers it additionally has enterprise merchandise like “Stack Overflow for Groups,” which helps organizations preserve a company-wide data base.
The corporate didn’t specify the variety of laid-off staff. Nevertheless, because it had pushed its headcount to over 500 people last year, greater than 100 individuals are prone to be impacted.
With generative AI gaining recognition for serving to coders with completely different issues, Stack Overflow has seen its traffic drop as compared to last year.
In August, the corporate said that due to generative AI, it expects “some rises and falls in conventional visitors and engagement over the approaching months.”
Earlier this 12 months, Stack Overflow asked AI companies to pay for training data. In January, it barred customers from posting answers generated by AI. The corporate can also be attempting to bolster its personal AI capabilities. In July, it launched OverflowAI with options like generative AI-powered search.
Massive Tech can also be shifting quick to make generative AI-aided merchandise out there for coders in a fast method. Final month, GitHub expanded entry to its Copilot chat to particular person customers. In Could, throughout its developer convention, Google introduced a bunch of AI-centric coding instruments together with an assistive bot referred to as Codey. The corporate has additionally skilled its conversational AI software Bard to assist customers with code era and debugging.