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Coding assist discussion board Stack Overflow is shedding 28 % of its employees because it struggles towards profitability. CEO Prashanth Chandrasekar announced in the present day that the corporate is “considerably lowering the scale of our go-to-market group,” in addition to “supporting groups” and different teams.
After the staff doubled its worker base final yr, Chandrasekar told The Verge’s Nilay Patel in an interview that about 45 % of these hires have been for its go-to-market gross sales staff, which he mentioned was “clearly the biggest staff.” We’ve reached out to Stack Overflow to search out out what different groups could have been affected.
Phrase of the layoffs comes over a yr after the corporate made a big hiring push, doubling its dimension to over 500 individuals. Stack Overflow didn’t elaborate on the explanations for the layoff, however its hiring push started close to the beginning of a generative AI increase that has stuffed chatbots into each nook of the tech trade, together with coding. That presents clear challenges for a private coding assist discussion board, as builders get comfortable with AI coding assistance and the very instruments that do which can be blended into products they use.
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