Through their official blog post, Stack Overflow informed of their “difficult decision” to lay-off approximately 28% of the company’s workforce.
Company CEO Prashanth Chandrasekar, through the blog post, did not highlight the exact specifics that impacted their decision. However, he highlighted the monumental effort that was required to launch Overflow AI and the ongoing macroeconomic pressures impacting the entire tech industry have made “profitability” Stack Overflow’s paramount focus.
The Prosus-owned company did not specify the exact figure of employees leaving, albeit an estimate of nearly 140 workers can be guessed since Stack Overflow doubled their workforce last year to more than 500.
In the same post, CEO Chandresekar mentions that apart from profitability, Stack Overflow is also focused on advancing product innovation and sustaining the ongoing process of OverflowAI, both within Stack Overflow for Teams and their public platform.
Stack Overflow, primarily a developer community website, saw its traffic drop significantly this year, the same time when ChatGPT and other generative AI tools were booming.