Stack Overflow, the platform for developers and programmers, is reducing its workforce by about 28% due to the growing popularity of AI chatbots. The CEO of Stack Overflow, Prashanth Chandrasekar, made this announcement on October 16, attributing the decision to the challenges posed by macroeconomic pressures affecting the entire tech industry.
Chandrasekar mentioned that the company is focused on achieving profitability and continuing to innovate its products. He added, "This year, we took various measures to control our spending."
Stack Overflow, a 15-year-old forum for tech-related questions and answers, saw its workforce double to 540 employees in 2022. The recent layoffs will affect approximately 150 employees.
In August, Stack Overflow noted a slight decline in web traffic compared to 2022, with an average drop of 5%.
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First found on: Stack Overflow Cuts 28% of Workforce
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