Developer group web site Stack Overflow has laid off 28% of its workers, the Prosus-owned firm introduced Monday.
In a weblog publish, Stack Overflow’s CEO, Prashanth Chandrasekar indicated that the corporate is specializing in its path to profitability. Whereas the publish didn’t elaborate on the rationale behind the job cuts, it talked about clients’ budgets shifting elsewhere “because of the macroeconomic pressures.”
“This 12 months we took many steps to spend much less. Modifications have been pursued via the lens of minimizing the affect on the lives of Stackers. Sadly, these adjustments weren’t sufficient and we’ve got made the extraordinarily tough resolution to scale back the corporate’s headcount by roughly 28%,” Chandrasekar stated.
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 keep a company-wide information base.
The corporate didn’t specify the variety of laid-off workers. Nonetheless, because it had pushed its headcount to over 500 individuals final 12 months, greater than 100 persons are more likely to be impacted.
With generative AI gaining reputation for serving to coders with totally different issues, Stack Overflow has seen its visitors drop as in comparison with final 12 months.
In August, the corporate stated 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 requested AI firms to pay for coaching information. In January, it barred customers from posting solutions generated by AI. The corporate can be making an attempt to bolster its personal AI capabilities. In July, it launched OverflowAI with options like generative AI-powered search.
Huge Tech can be transferring quick to make generative AI-aided merchandise out there for coders in a speedy 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 known as Codey. The corporate has additionally educated its conversational AI instrument Bard to assist customers with code era and debugging.