Developer community site Stack Overflow has laid off 28% of its staff, the Prosus-owned company announced Monday.
in blog post, Stack Overflow CEO Prashanth Chandrasekar indicated that the company is focused on a path to profitability. The post did not elaborate on the reasons for the layoffs, but did note that customer budgets were being shifted elsewhere “due to macroeconomic pressures.”
“We have taken a number of steps this year to reduce our spending.Changes have been pursued with a view to minimizing the impact on the lives of stackers.Unfortunately, these changes have not been sufficient, so , we have made the very difficult decision to reduce our workforce by approximately 28%,” Chandrasekhar said.
Stack Overflow is primarily a consumer Q&A website, but it also offers enterprise products like Stack Overflow for Teams that help organizations maintain a company-wide knowledge base.
The company did not say how many employees were laid off. However, due to a significant increase in the number of employees, Last year there were over 500 peoplemore than 100 people could be affected.
As generative AI grows in popularity to help programmers with a variety of problems, Stack Overflow is seeing the benefits. Decrease in traffic compared to last year.
In August, the company Said Thanks to generative AI, “we expect to see some ups and downs in traditional traffic and engagement over the coming months,” the company said.
Earlier this year, Stack Overflow Asked AI companies to pay for training data. In January, users were banned from posting. AI generated answer. The company is also working to strengthen its own AI capabilities. Released in July, overflow AI It has features such as AI-powered generative search.
Big tech companies are also moving quickly to make AI-assisted generation products quickly available to programmers. Last month, GitHub expanded access to his Copilot chat to individual users. During its developer conference in May, Google announced a number of AI-centric coding tools, including an assistance bot called Codey. The company also trained its conversational AI tool Bard to help users generate and debug code.